Sensex, Nifty Open Higher In Cautious Trade

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Sensex, Nifty Open Higher In Cautious Trade

(RTTNews) - Indian shares opened on a positive note Wednesday after U.S. Commerce Secretary Howard Lutnick suggested that the Trump administration may reach a tariffs compromise with Mexico and Canada.

A potential deal is expected to involve reducing, at least partially, the new 25 percent tariffs on imports from both countries.

The benchmark S&P BSE Sensex was up 510 points, or 0.7 percent, at 73,499 in early trade while the broader NSE Nifty index rose by 164 points, or 0.7 percent, to 22,246.

Among the top gainers, Eicher Motors, Adani Ports, Adani Enterprises, Mahindra & Mahindra and Tata Steel surged 2-3 percent. Anand Rathi Wealth shares fell 4.5 percent on turning ex-bonus.

Power Grid Corporation of India gained nearly 2 percent after it was declared the successful bidder for three projects to establish an inter-state transmission system under the BOOT basis.

Adani Wilmar surged 5.6 percent after it agreed to acquire GD Foods Manufacturing (India), the owner of the 'Tops' brand.

Biocon gained 2 percent after its subsidiary, Biocon Pharma, received final approvals for its two ANDAs - Lenalidomide capsules and Dasatinib tablets - from the USFDA.

Rail Vikas Nigam soared 5.2 percent on winning an order worth Rs 729.82 crore from HPSEBL.

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Australian Market Trims Early Losses In Mid-market

Australian Market Trims Early Losses In Mid-market

The Australian market is trimming early losses in mid-market moves on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.
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Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as traders remain optimistic the US Fed will cut interest rates at their next meeting in September. They also remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the Fed's preferred readings on consumer price inflation.
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Swiss Market Settles Modestly Higher

Swiss Market Settles Modestly Higher

The Switzerland market closed modestly higher on Wednesday after staying firm right through the day's session, thanks to fairly strong buying at several counters. The benchmark SMI closed up by 46.23 points or 0.38% at 12,207.12. The index moved between 12,166.23 and 12,226.36 during the session.
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Japanese Market Notably Higher

Japanese Market Notably Higher

The Japanese market is trading notably higher on Thursday after opening in the red, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 42,650 level, with gains in index heavyweights, automakers and financial stocks.
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Thai Bourse May Halt Losing Streak On Thursday

Thai Bourse May Halt Losing Streak On Thursday

The Thai stock market has moved lower in back-to-back sessions, slipping almost 15 points or 1.2 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,250-point plateau although it may stop the bleeding on Thursday.
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Australian Market Slightly Lower

Australian Market Slightly Lower

The Australian market is slightly lower in choppy trading on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.
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Indonesia Shares Tipped To Open In The Green

Indonesia Shares Tipped To Open In The Green

The Indonesia stock market has moved higher in two of three trading days since the end of the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,935-point plateau and it may add to its winnings on Thursday.
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