Sensex, Nifty Follow Global Peers Higher; IT And Adani Group Stocks Lead Surge

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Sensex, Nifty Follow Global Peers Higher; IT And Adani Group Stocks Lead Surge

(RTTNews) - Indian shares opened higher on Monday, mirroring positive global cues as the U.S. 10-year Treasury yield pulled back after jumping to a three-month closing high above 4.0 percent.

The benchmark S&P/BSE Sensex was up 528 points, or 0.9 percent, at 60.336 in early trade, while the broader NSE Nifty index was up 148 points, or 0.8 percent, at 17,742.

Adani Group stocks extended recent gains, with Adani Enterprises rallying 10 percent and Adani Ports climbing 3.3 percent.

HCL Technologies jumped over 2 percent on reports it aims to double semiconductor business in four years. Infosys, TCS and Wipro all were up around 1 percent.

ONGC rose half a percent and Reliance Industries added 1 percent after the government slashed windfall gains tax on exports of diesel and aviation turbine fuel (ATF), while marginally increasing the levy on domestic crude oil in its 16th fortnightly revision of the duties.

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German Inflation Accelerates To 2.2% In August

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Consumer price inflation in Germany climbed in August to its highest level in five months, while the core figure was steady amid an acceleration in food price growth, and weakened chances for further easing from the European Central Bank in the near term.
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Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.
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European Stocks Close Lower On Geopolitical Tensions

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Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
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U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
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