Sensex, Nifty Extend Winning Run For Second Day

RTTNews | 516 dagar sedan
Sensex, Nifty Extend Winning Run For Second Day

(RTTNews) - Indian shares rose notably on Thursday ahead of a long holiday weekend.

Financial companies topped the gainers list after the Reserve Bank of India (RBI) modified the norms for their investment in alternative investment funds (AIF).

The benchmark S&P BSE Sensex jumped 655.04 points, or 0.90 percent, to 73,651.35 amid a broad-based rally on the last trading session of FY23-24.

The broader NSE Nifty index settled up 203.25 points, or 0.92 percent, at 22,326.90 amid the expiry of March month derivative contracts.

The BSE mid-cap and small-cap indexes ended up 0.62 percent and 0.33 percent, respectively.

About 1,809 shares advanced, 2,014 shares declined, and 115 shares ended unchanged on the BSE.

Eicher Motors, Bajaj Finance, Hero Moto Corp, Bajaj FinServ and Grasim rallied 3-4 percent in the Nifty pack while Reliance Industries, Tech Mahindra, Bajaj Auto, Axis Bank and Shriram Finance fell between half a percent and 1.1 percent.

Global cues were favorable even as hawkish comments from Fed Governor Christopher Waller put fears of higher-for-longer interest rates back in play.

The dollar edged up after Waller told a conference in New York that it is appropriate to reduce the overall number of rate cuts or push them further into the future in response to the inflation readings in the past two months.

Gold held steady below $2,200 per ounce in European trade, while oil recovered some ground after a two-day drop.

Investors eagerly looked ahead to Friday's release of the Fed's preferred inflation gauge as well as speeches from Fed officials, Chair Jerome Powell and rate-setting committee member Mary Daly, for signals on the rate path.

read more
U.S. Consumer Confidence Index Edges Lower In August

U.S. Consumer Confidence Index Edges Lower In August

A report released by the Conference Board on Tuesday showing a modest deterioration by consumer confidence in the U.S. in the month of August. The Conference Board said its consumer confidence index dipped to 97.4 in August from an upwardly revised 98.7 in July.
RTTNews | 3h 56minuter sedan
U.S. Durable Goods Orders Slump 2.8% In July, Much Less Than Expected

U.S. Durable Goods Orders Slump 2.8% In July, Much Less Than Expected

Reflecting a continued plunge by orders for transportation equipment, the Commerce Department released a report on Tuesday showing a steep drop by new orders for U.S. manufactured durable goods in the month of July. The Commerce Department said durable goods orders slumped by 2.8 percent in July after plummeting by a revised 9.4 percent in June.
RTTNews | 4h 7minuter sedan
Bay Street May Open On Weak Note

Bay Street May Open On Weak Note

Canadian shares look headed for negative start on Tuesday, weighed down by weak oil prices, and concerns about global trade after U.S. President Donald Trump threatened 200% tariffs on China if Beijing does not export rare-earth magnets to the U.S.
RTTNews | 5h 25minuter sedan
U.S. Durable Goods Orders Tumble Less Than Expected In July

U.S. Durable Goods Orders Tumble Less Than Expected In July

Reflecting a continued plunge by orders for transportation equipment, the Commerce Department released a report on Tuesday showing a steep drop by new orders for U.S. manufactured durable goods in the month of July.
RTTNews | 5h 31minuter sedan
FTSE 100 Modestly Lower

FTSE 100 Modestly Lower

After posting gains in the previous five sessions, the U.K. market is exhibiting weakness on Tuesday, weighed down by losses in financials and retail sectors.
RTTNews | 5h 53minuter sedan
CAC Down Sharply On Widespread Selling

CAC Down Sharply On Widespread Selling

French stocks are down sharply on Tuesday, extending previous session's steep drop, amid ongoing political uncertainty in the country.
RTTNews | 6h 18minuter sedan
DAX Extending Recent Weakness

DAX Extending Recent Weakness

German stocks are down in negative territory on Tuesday, extending losses from the previous session, due to geopolitical concerns and uncertainty about tariffs.
RTTNews | 7h 41minuter sedan