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Sensex, Nifty Open Higher; IT Stocks Lead Gains
(RTTNews) - Indian shares opened on a positive note on Tuesday, tracking mostly positive cues from global markets amid optimism around a potential Federal Reserve rate cut next week.
The benchmark BSE Sensex was up 285 points, or 0.4 percent, at 81,072 in early trade while the broader NSE Nifty index edged up by 77 points, or 0.3 percent, to 24,850.
Infosys jumped 3.7 percent ahead of a board meeting on September 11 to consider a proposal to buy back its shares.
RailTel Corp soared 6 percent on winning several orders worth around Rs. 396 crore from the Bihar Education Project Council.
Hero MotoCorp gained 1 percent after appointing a new chief executive officer.
Bajaj FinServ, TCS, HCL Technologies, Adani Ports and Tech Mahindra rose 1-2 percent.
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Bay Street Likely To Open On Positive Note
Canadian stocks may open on a positive note on Tuesday, tracking higher crude oil and gold prices, and expectations of a rate cut from the Bank of Canada and the Federal Reserve next week.
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Pred 4 h 10 min
French Industrial Output Falls Most In 3 Months
France's industrial production declined at the fastest pace in three months in July on sharp contractions in production of transport equipment and machinery, signaling a weak start to the third quarter after Prime Minister François Bayrou lost a confidence vote in the Parliament this week. Industrial production logged a monthly fall of 1.1 percent in July.
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Pred 5 h 29 min
FTSE Modestly Higher At Noon; Anglo American Soars On Merger News
The UK stock market is modestly higher around noon on Tuesday with investors picking up select stocks in cautious trade while looking ahead to some crucial economic data from the U.S., including a reading on inflation.
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Pred 6 h 3 min
U.S. Dollar Falls Amid Fed Rate Cut Speculation
The U.S. dollar weakened against other major currencies in the late Asian session on Tuesday, as traders remain optimistic about the outlook for interest rates following last week's weaker-than-expected US jobs data. They also remain cautious ahead of key U.S. inflation readings due later in the week that could influence the US Fed's rate trajectory.
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Pred 6 h 31 min
CAC 40 Modestly Higher; Renault, Dassault Systemes Among Top Gainers
The French market is modestly higher on Tuesday with investors somewhat shrugging off data showing a drop in the nation's industrial production in July. Concerns on the political front appear to be weighing on sentiment and limiting market's upside.
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Pred 6 h 41 min
Sensex, Nifty End Higher Led By IT Stocks
Indian shares ended modestly higher on Tuesday, tracking mostly positive cues from global markets as weakening labor market data and pressure from the Trump administration bolstered the case for a jumbo rate cut at the U.S. Federal Reserve's upcoming FOMC meeting on September 16-17.
RTTNews
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Pred 6 h 46 min
DAX Drifts Lower In Cautious Trade
After a weak start and a subsequent recovery that resulted in a brief spell in positive territory, the German market slipped Tuesday morning, with investors largely staying cautious while looking ahead to the European Central Bank's monetary policy meeting, and some crucial economic data from the U.S. this week.
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Pred 7 h 18 min
Australia Business Conditions Improve; Confidence Falls
Australia's business conditions improved in August but confidence weakened after four consecutive increases, survey results from NAB showed Tuesday. The business conditions gained two points to 7 in August and remained around its long-run average. The improvement in August reflected gains in employment and profitability, while trading conditions stayed unchanged compared to the prior month.
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Pred 7 h 26 min
