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Sensex, Nifty Rally Led By Tech Stocks
(RTTNews) - Indian shares logged strong gains on Monday as better-than-expected earnings buoyed tech stocks.
Benchmark indexes Sensex and Nifty both rose sharply past key milestones today despite muted cues from global markets and deepening tensions in the Middle East. The benchmark S&P BSE Sensex jumped 759.49 points, or 1.05 percent, to 73.327.94 on optimism about strong domestic earnings and hopes for potential interest rate cuts by the U.S. Federal Reserve and the European Central Bank.
The broader NSE Nifty index settled 202.90 points, or 0.93 percent, higher at 22,097.45.
Wipro topped the gainers list to rally 6.4 percent and ONGC surged 4.3 percent while HDFC Bank, Infosys and HCL Technologies climbed 2-3 percent.
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Japan GDP Data Due On Friday
Japan will on Friday release preliminary Q2 numbers for gross domestic product, highlighting a busy day for Asia-Pacific economic activity. GDP is expected to rise 0.1 percent on quarter and 0.4 percent on year following the flat quarterly reading and the 0.2 percent contraction in the three months prior. Capex is seen higher by 0.5 percent on quarter, easing from 1.1 percent in Q1.
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57 minutos atrás
U.S. Dollar Firms After Strong PPI Data
The U.S. dollar climbed against its major counterparts in the New York session on Thursday, following the release of hotter-than-expected producer inflation report for July.
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1 h 6 min atrás
Canadian Market Remains In Negative Territory After Weak Start
The Canadian market, which opened on a weak note Thursday morning, continues to languish in negative territory well past noon, weighed down by losses in technology and industrials sectors.
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5 h 10 min atrás
Swiss Market Ends Modestly Higher After Mild Struggle
The Switzerland market recovered after a flat start on Thursday, and after staying positive till well past noon, suffered a setback but regained some strength to eventually end the day's session modestly higher.
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5 h 35 min atrás
Major European Markets Close On Positive Note
Amid expectations of a rate cut from the Federal Reserve in September, and hopes the meeting between the Presidents of the U.S. and Russia will help end the war in Ukraine, the major European markets closed on a positive note on Thursday, although the U.K. market underperformed other major markets in the region.
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5 h 51 min atrás
U.S. Producer Price Growth Far Exceeds Estimates In July
Producer prices in the U.S. increased by much more than expected in the month of July, the Labor Department revealed in a report released on Thursday. The Labor Department said its producer price index for final demand shot up by 0.9 percent in July after coming in unchanged in June. Economists had expected producer prices to rise by 0.2 percent.
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8 h 19 min atrás
U.S. Weekly Jobless Claims Unexpectedly Dip To 224,000
The Labor Department released a report on Thursday unexpectedly showing a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 9th. The report said initial jobless claims dipped to 224,000, a decrease of 3,000 from the previous week's revised level of 227,000.
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8 h 51 min atrás
UK GDP Rises More Than Expected
The UK economy expanded more than expected in the second quarter but the overall growth softened as US frontloading propelled growth at the start of the year. Gross domestic product expanded 0.3 percent in the second quarter largely driven by growth in the service sector, the Office for National Statistics reported Thursday.
Although the rate was stronger than the expected growth of 0.1 pe
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9 h 33 min atrás
