Sensex, Nifty Pare Early Gains; Auto Stocks Surge

RTTNews | 879 dagar sedan
Sensex, Nifty Pare Early Gains; Auto Stocks Surge

(RTTNews) - Indian shares opened higher on Monday, tracking firm global cues after an inflation gauge the Fed follows closely rose slightly less than anticipated in February, helping spur optimism the Federal Reserve will hold off on raising interest rates at its next meeting in early May.

March auto sales data reflecting improvement in domestic demand also boosted sentiment.

The benchmark S&P BSE Sensex was marginally higher at 58,993, paring early gains. The broader NSE Nifty index was up 10 points at 17,369.

ONGC soared 4 percent while BPCL slumped more than 4 percent after oil prices jumped more than 5 percent after major producers led by Saudi Arabia announced a surprise cut of more than one million barrels per day.

Maruti Suzuki India rallied 3.1 percent after reporting its highest-ever dispatches to dealers last fiscal.

Eicher Motors climbed 2.1 percent on reporting robust domestic sales for March.

Hero MotoCorp advanced 2.8 percent after its March sales volume jumped 15.3 percent in March.

The RBI meets over three days, from April 3 to April 6, and economists remain divided over its likely rate action.

Stock exchanges BSE and NSE will remain closed on April 4 for 'Mahavir Jayanti' and on April 7 on account of 'Good Friday'.

read more
German Inflation Accelerates To 2.2% In August

German Inflation Accelerates To 2.2% In August

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.
RTTNews | 2h 1minuter sedan
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.
RTTNews | 4h 51minuter sedan
European Stocks Close Lower On Geopolitical Tensions

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.
RTTNews | 5h 19minuter sedan
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.
RTTNews | 8h 23minuter sedan
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.
RTTNews | 9h 6minuter sedan