Sensex, Nifty Seen Opening Up As Bank Worries Ebb

RTTNews | 902 dias atrás

(RTTNews) - Indian shares may see cautious gains on Friday as investors react to positive global cues and await next week's FOMC meeting.

Rating agency Crisil forecast slower growth for the Indian economy for FY24, citing a challenging global macroeconomic environment.

Adani Group stocks would be in focus today after stock exchanges removed three group companies from short-term surveillance.

TCS may also see increased activity after CEO Rajesh Gopinathan quit to pursue other interests.

Benchmark indexes Sensex and Nifty ended marginally higher on Thursday to snap a five-day losing streak while the rupee fell by 11 paise to close at 82.76 against the dollar, extending losses for a fourth straight session. Asian stocks traded mostly higher this morning, though gains remained modest ahead of next week's Fed and BoE meetings.

The dollar slipped on improved risk sentiment while oil steadied after closing about 1 percent higher overnight. Gold edged up and was poised for a weekly gain.

U.S. stocks posted strong gains overnight after reports emerged that JPMorgan Chase (JPM), Morgan Stanley (MS) and several other big banks would work together to shore up First Republic Bank with a $30bn deposit.

The tech-heavy Nasdaq Composite jumped 2.5 percent to end higher for the fourth straight session, while the Dow rose 1.2 percent and the S&P 500 added 1.8 percent. European stocks closed higher on Thursday as news of liquidity support to Credit Suisse by the Swiss central bank helped ease some of the worries about a global banking crisis.

The European Central Bank called Europe's banks "resilient" and promised liquidity support, if needed, after raising rates by 50 basis points. The pan European STOXX 600 rallied 1.2 percent. The German DAX climbed 1.6 percent, France's CAC 40 surged 2 percent and the U.K.'s FTSE 100 gained 0.9 percent.

Swiss Franc Falls Against Majors

The Swiss franc dropped against its major counterparts in the New York session on Thursday.

RTTNews | 38 minutos atrás

Canadian Market Looks Headed For Another Positive Close

The Canadian market is firmly placed in positive territory Thursday afternoon, thanks largely to a fine performance by several technology stocks, and a few frontline stocks from consumer discretionary, real estate, communications and financials sectors.

RTTNews | 3 h 13 min atrás

Swiss Market Closes On Buoyant Note

The Switzerland market closed on a strong note on Thursday, in line with most of the markets across Europe, amid rising expectations of a rate cut by the Federal Reserve, and easing concerns about tariffs.

RTTNews | 3 h 47 min atrás

European Stocks Close Higher Ahead Of Crucial U.S. Jobs Data

European stocks closed mostly higher on Thursday, with most of the markets in the region gaining for a second straight day amid cooling bond markets. Still, the mood in the markets remained a bit cautious with investors looking ahead to crucial U.S. non-farm payroll data on Friday.

RTTNews | 4 h 23 min atrás

U.S. Services Index Climbs To Six-Month High In August

Service sector growth in the U.S. accelerated by more than anticipated in the month of August, according to a report released by the Institute for Supply Management on Thursday. The ISM said its services PMI rose to 52.0 in August from 50.1 in July, with a reading above 50 indicating growth. Economists had expected the index to inch up to 50.5.

RTTNews | 6 h 50 min atrás

U.S. Labor Productivity Surges 3.3% In Q2, Much More Than Previously Estimated

A report released by the Labor Department on Thursday showed labor productivity in the U.S. surged by much more than previously estimated in the second quarter of 2025. The Labor Department said labor productivity shot up by 3.3 percent in the second quarter compared to the previously reported 2.4 percent jump. Economists had expected the increase in labor productivity to be unrevised.

RTTNews | 7 h 8 min atrás

U.S. Trade Deficit Widens More Than Expected As Imports Spike

With the value of imports spiking, the Commerce Department released a report on Thursday showing the U.S. trade deficit widened more than expected in the month of July. The Commerce Department said the trade deficit shot up to $78.3 billion in July from a revised $59.6 billion in June. Economists had expected the trade deficit to increase to $75.7 billion.

RTTNews | 7 h 38 min atrás

U.S. Jobless Claims Rise More Than Expected To Two-Month High

A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits rose by more than expected in the week ended August 30th. The Labor Department said initial jobless claims climbed to 237,000, an increase of 8,000 from the previous week's unrevised level of 229,000.

RTTNews | 7 h 42 min atrás

EURUSD	1.16476	GBPUSD	1.34291	AUDUSD	0.65155
USDJPY	148.356	USDCAD	1.3812	USDCHF	0.80488