Sensex, Nifty Rally After Oil Price Crash

RTTNews | Pred 1069 dňami
Sensex, Nifty Rally After Oil Price Crash

(RTTNews) - Indian shares rose sharply on Wednesday and the rupee held steady in the afternoon after oil prices crashed more than 8 percent overnight, helping ease investor worries surrounding high inflation and interest-rate hikes.

Global cues were mixed, with Asian markets closing mostly lower on recession worries, while European stocks rebounded after an end to strike by Norwegian oil and gas workers eased worries of energy supply crunch.

U.S. stock futures slipped ahead of the release of minutes from the latest Fed meeting later in the day.

Closer home, the benchmark S&P BSE Sensex surged 616.62 points, or 1.16 percent to 53,750.97 while the broader NSE Nifty index settled up 178.95 points, or 1.13 percent, at 15,989.80.

Bajaj Finance soared 4.8 percent to top the gainers list after giving healthy Q1FY23 update. Bajaj FinServ, Britannia Industries, Hindustan Unilever and Eicher Motor rallied 3-4 percent.

ONGC led losses to close 4.8 percent lower as crude prices steadied near $100 a barrel in European trade.

read more
Canadian Market Up Marginally In Cautious Trade

Canadian Market Up Marginally In Cautious Trade

After a flat start and a subsequent drop to lower levels, the Canadian market emerged into positive territory about an hour past noon on Monday, but remains somewhat subdued with investors seeming reluctant to make significant moves. The mood is cautious as investors await U.S. - China trade talks in London.
RTTNews | Pred 3 h 17 min
European Stocks Close Weak After Cautious Session

European Stocks Close Weak After Cautious Session

European markets settled lower on Monday after a subdued performance as investors awaited the outcome of U.S.-China high-level trade talks in London. Also, a lack of regional economic data and earnings news contributed to the cautious mood in the markets.
RTTNews | Pred 3 h 45 min
FDA, CDC Probe Salmonella Outbreak As Around 1.70 Mln Dozen Brown Eggs Recalled

FDA, CDC Probe Salmonella Outbreak As Around 1.70 Mln Dozen Brown Eggs Recalled

The U.S. Food and Drug Administration and the Centers for Disease Control and Prevention or CDC are investigating a Salmonella Enteritidis outbreak linked to brown eggs that sickened nearly 79 across 7 states. Associated with the ongoing probe, August Egg Co. recalled around 1.70 million dozen brown cage-free and brown certified organic eggs sold through Walmart and other retail locations.
RTTNews | Pred 7 h 31 min
Bay Street May Open Slightly Higher

Bay Street May Open Slightly Higher

Canadian shares may open slightly higher on Monday amid optimism about some positive progress in U.S.-China trade talks. Energy stocks are likely to find some support on higher crude oil prices.. The U.S.-China discussions will aim to resolve some major trade disputes between the two major economies.
RTTNews | Pred 9 h 24 min
FTSE 100 Down Marginally At Noon

FTSE 100 Down Marginally At Noon

The U.K. market is down marginally at noon on Monday with investors mostly making cautious moves amid a lack of triggers. The focus is on trade talks between the U.S. and Chinese officials in London. Weak Chinese exports data weighs on sentiment.
RTTNews | Pred 10 h 35 min
CAC 40 Down Slightly In Lackluster Trade

CAC 40 Down Slightly In Lackluster Trade

French stocks are down slightly in lackluster trade on Monday with investors refraining from making significant moves as they await the high-level trade talks between U.S. and Chinese officials in London later in the day.
RTTNews | Pred 10 h 56 min
DAX Down Over 0.5% In Cautious Trade

DAX Down Over 0.5% In Cautious Trade

German stocks are down in negative territory on Monday as investors make cautious moves while awaiting crucial talks between U.S. and Chinese officials in London later in the day. The discussions will aim to resolve some major trade disputes between the two major economies. Treasury Secretary Scott Bessent leads the U.S. delegation in the high-level trade talks.
RTTNews | Pred 11 h 17 min