Sensex, Nifty Extend Rally For Sixth Session

RTTNews | 977 dagar sedan
Sensex, Nifty Extend Rally For Sixth Session

(RTTNews) - Indian shares extended their rally for a sixth straight session to hit fresh record highs Tuesday on the back of firm global cues and a weakening dollar in overseas markets.

China reported a slight dip in new COVID-19 infections and also stepped-up support for the country's property sector, boosting investor sentiment.

Financial markets are also excited about some sort of reopening in China, apparently to quell public anger against COVID-19 curbs.

The benchmark S&P BSE Sensex hit a record high of 62,887.40 before paring some gains to end the session up 177.04 points, or 0.28 percent, at 62,681.84.

The broader NSE Nifty index settled 55.30 points, or 0.30 percent higher at 18,618.05, after having hit a record high of 18,678.10 earlier in the session.

FMCG stocks led the surge, with Hindustan Unilever climbing 4.4 percent on hopes for improved demand in rural markets in the near/medium term.

Dabur surged 6.5 percent, Britannia Industries added 1.5 percent and Marico advanced 3.1 percent.

Sun Pharma, Hero MotoCorp, Cipla and JSW Steel all rose around 2 percent while Bajaj FinServ, Coal India and IndusInd Bank fell over 1 percent each.

read more
U.S. Dollar Falls As Weak Jobs Data Lifts Rate Cut Hopes

U.S. Dollar Falls As Weak Jobs Data Lifts Rate Cut Hopes

The U.S. dollar weakened against its major counterparts in the New York session on Friday, as weaker-than-expected jobs data for July strengthened expectations of a Fed rate cut in September.
RTTNews | 18h 46minuter sedan
U.S. Construction Spending Unexpectedly Sees Further Downside In June

U.S. Construction Spending Unexpectedly Sees Further Downside In June

The Commerce Department released a report on Friday unexpectedly showing a continued decrease by U.S. construction spending in the month of June. The report said construction spending fell by 0.4 percent to an annual rate of $2.136 trillion in June after sliding by 0.5 percent to a revised rate of $2.144 trillion in May.
RTTNews | 1 dag sedan
U.S. Consumer Sentiment Improves Marginally Less Than Previously Estimated In July

U.S. Consumer Sentiment Improves Marginally Less Than Previously Estimated In July

Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. improved marginally less than previously estimated in the month of July. The University of Michigan said its consumer sentiment index for July was downwardly revised to 61.7 from a preliminary reading of 61.8. Economists had expected the index to be upwardly revised to 62.0.
RTTNews | 1 dag sedan
U.S. Manufacturing Index Unexpectedly Dips To Nine-Month Low In July

U.S. Manufacturing Index Unexpectedly Dips To Nine-Month Low In July

Manufacturing activity in the U.S. unexpectedly contracted at a slightly faster rate in the month of July, according to a report released by the Institute for Supply Management on Friday. The ISM said its manufacturing PMI edged down to 48.0 in July after inching up to 49.0 in June with a reading below 50 indicating contraction.
RTTNews | 1 dag sedan
Eurozone Inflation Steady At 2% ECB Target

Eurozone Inflation Steady At 2% ECB Target

Euro area consumer price inflation was unchanged at the European Central Bank's 2 percent target in July, easing the pressure for more easing. The harmonized index of consumer prices increased 2.0 percent year-on-year in July, the same rate of increase as seen in June. Inflation was forecast to ease marginally to 1.9 percent.
RTTNews | 1 dag sedan