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Sensex, Nifty End Modestly Higher On Firm Global Cues

RTTNews | 501 dagar sedan

Sensex, Nifty End Modestly Higher On Firm Global Cues

(RTTNews) - Indian shares eked out modest gains on Friday as positive global cues offset concerns surrounding rising oil prices and nervousness around the outcome of the Lok Sabha elections.

Global sentiment was upbeat as fresh signs of an easing U.S. labor market helped keep hopes of Fed interest rate cuts alive.

New measures to support the ailing property market in China, Bank of England's dovish rate decision on Thursday and better-than-expected U.K. GDP growth data released earlier today also boosted investor's appetite for riskier assets.

The benchmark S&P BSE Sensex ended the session up 260.30 points, or 0.36 percent, at 72,664.47 after succumbing to heavy selling pressure in the previous session.

The broader NSE Nifty index closed up 97.70 points, or 0.44 percent, at 22,055.20.

BPCL surged 4.5 percent to top the gainers list after the state-run oil marketing company announced a 1:1 bonus issue.

Among other prominent gainers, Eicher Motors, Hero MotoCorp, NTPC and Power GridCorp all rose over 2 percent.

On the flip side, IT stocks such as Infosys, LTIMindTree and TCS fell 1-2 percent.

Drug maker Cipla lost 1.4 percent and private sector lender Kotak Mahindra Bank gave up 1.2 percent.

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OECD Warns Full Effects Of High U.S. Tariffs Yet To Be Felt

OECD Warns Full Effects Of High U.S. Tariffs Yet To Be Felt

The Organisation for Economic Co-operation and Development said in a report on Tuesday that the full impact of the massive hike in trade tariffs announced by the U.S. is yet to be felt though early effects are becoming increasingly evident.

RTTNews | 1h 19minuter sedan

TSX Retreats After Sailing Past 30k Mark For First Ever Time

TSX Retreats After Sailing Past 30k Mark For First Ever Time

Canadian benchmark S&P/TSX Composite Index breached the 30k mark for the first ever time, and moved on to a new high Tuesday morning before paring gains and slipping into negative territory, due largely to profit taking.

RTTNews | 3h 44minuter sedan

Swiss Market Ends Marginally Down

Swiss Market Ends Marginally Down

The Switzerland market closed on a weak note on Tuesday after a choppy ride as stocks turned in a mixed performance.

RTTNews | 4h 16minuter sedan

European Stocks Close Broadly Higher

European Stocks Close Broadly Higher

European markets closed mostly higher on Tuesday with investors digesting the latest batch of regional economic data, and picking up stocks amid expectations of more monetary easing by the Federal Reserve.

RTTNews | 4h 37minuter sedan

Powell Warns There's 'No Risk-Free Path' For Interest Rates

Powell Warns There's 'No Risk-Free Path' For Interest Rates

Following last week's decision to cut interest rates for the first time this year, Federal Reserve Chair Jerome Powell delivered remarks before the 2025 Greater Providence Chamber of Commerce Economic Outlook Luncheon in Warwick, Rhode Island, on Tuesday.

RTTNews | 5h 10minuter sedan

Hungary Holds Rates Steady As Inflation Expected To Remain High

Hungary Holds Rates Steady As Inflation Expected To Remain High

The Hungarian central bank left its interest rates unchanged again, on Tuesday, as policymakers assessed that tight monetary conditions were needed amid forecast that inflation is set to remain beyond the tolerance level in the coming months.

RTTNews | 5h 44minuter sedan

Bay Street Likely To Post New Highs

Bay Street Likely To Post New Highs

Canadian shares are likely to open on a firm note Tuesday morning with higher oil and bullion prices set to trigger buying in energy and materials sectors.

RTTNews | 9h 11minuter sedan

Wall Street Likely To Open Flat

Wall Street Likely To Open Flat

Futures point to a somewhat flat start on Wall Street Tuesday morning. Data on manufacturing and services sector activity in the U.S. in the month of August, due after the opening bell, is likely to provide some direction to the market.

RTTNews | 9h 50minuter sedan

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