Sensex, Nifty Open Higher Despite Muted Global Cues

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Sensex, Nifty Open Higher Despite Muted Global Cues

(RTTNews) - Indian shares opened on a firm note Monday despite muted cues from global markets. The benchmark S&P BSE Sensex was up 193 points, or 0.3 percent, at 66,792 in early trade while the broader NSE Nifty index was up 67 points, or 0.3 percent, at 19,886.

Balrampur Chini jumped 2.8 percent on news it is expecting 20 percent higher revenues in FY24.

SJVN soared 7.2 percent after it signed a pact with Bhakra Beas Management Board (BBMB) to set up an 18 megawatt (MW) solar power project at an investment of Rs. 90 crore.

Reliance Industries rose about half a percent, TCS gained 1 percent and Tata Communications rallied 2.3 percent after U.S. chipmaker Nvidia Corp announced separate partnerships to develop AI infrastructure in India.

Adani Enterprises climbed 1.4 percent and Adani Ports jumped 2.6 percent after promoter firm increased its stake in two of the group's listed companies.

VRL Logistics rose over 1 percent after promoter divested a 4 percent stake in the transport and logistics company for Rs. 238 crore through an open market transaction.

Coffee Day Enterprises plunged 15 percent after IDBI Trusteeship filed an insolvency plea against the company over a loan default.

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European Economic News Preview: UK Unemployment Data Due

European Economic News Preview: UK Unemployment Data Due

Unemployment from the UK and economic confidence from Germany are the top economic news due on Tuesday. At 2.00 am ET, the Office for National Statistics publishes UK unemployment data. The jobless rate is forecast to remain unchanged at 4.7 percent in the second quarter. At 3.00 am ET, retail sales figures are due from Turkey.
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Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market trading on Tuesday, but extending the gains in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,850 level to fresh all-time high, with gains in financial and energy stocks partially offset by weakness in mining and technology stocks.
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Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, despite the broadly negative cues from Wall Street overnight, with the Australian and the Japanese markets hitting record all-time highs, as the U.S. and China agreed to extend their tariff truce for another 90 days. Optimism about the US Fed cutting interest rate at its next meeting is also aiding market sentiment.
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Sensex, Nifty Set For Muted Open On Mixed Global Cues

Sensex, Nifty Set For Muted Open On Mixed Global Cues

Indian shares are seen opening flat to slightly lower on Tuesday after rising sharply in the previous session as the announcement of a meeting between Russian President Vladimir Putin and U.S. President Donald Trump has fueled expectations of a potential end to sanctions limiting supply of Russian oil to other markets.
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