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Sensex, Nifty Rally As Trump Delays EU Tariffs

RTTNews | 11 dagar sedan

Sensex, Nifty Rally As Trump Delays EU Tariffs

(RTTNews) - Indian shares opened on a buoyant note Monday after U.S. President Donald Trump extended a deadline for EU trade deal until 9 July, following a call with European Commission president.

Earlier, Trump had threatened to impose 50 percent tariffs on imports from the European Union beginning June 1st, claiming talks with the bloc are "going nowhere."

The benchmark S&P BSE Sensex was up 630 points, or 0.8 percent, at 82,351 in early trade while the broader NSE Nifty index edged up by 198 points, or 0.8 percent, to 25,047.

Among the top gainers, Titan Company, Tata Motors and Mahindra & Mahindra climbed 2-3 percent.

NTPC rose 1.4 percent and JSW Steel added 0.8 percent after declaring their fourth-quarter results.

Ashok Leyland was little changed despite reporting 38 percent year-on-year growth in its quarterly profit and announcing a 1:1 bonus issue.

ONGC gained 1 percent after announcing promising offshore oil and gas discoveries in the Mumbai Offshore basin.

Bajaj Auto advanced 1.3 percent. The company said it would take control of Austrian motorcycle brand KTM AG through an 800 million deal.

Lloyds Engineering Works rose about 1 percent on receiving an order worth Rs. 20.67 crore from Cochin Shipyard.

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Sensex, Nifty Seen Little Changed Before RBI's Rate Decision

Sensex, Nifty Seen Little Changed Before RBI's Rate Decision

Indian shares look set to open on a flat note Friday as investors await the Reserve Bank of India's (RBI) monetary policy decision later in the day, with the central bank widely expected to cut interest rates by 25 basis points for the third consecutive time.

RTTNews | 1h 51minuter sedan

Asian Shares Muted In Lackluster Trade

Asian Shares Muted In Lackluster Trade

Asian stocks were mixed in lackluster trade on Friday despite U.S. President Donald Trump describing a phone call with his Chinese counterpart as "very good" and saying it "resulted in a very positive conclusion for both countries."

RTTNews | 1h 58minuter sedan

Thai Stock Market May Head South Again On Friday

Thai Stock Market May Head South Again On Friday

The Thai stock market on Thursday ended the two-day slide in which it had slumped more than 30 points or 2.4 percent. The Stock Exchange of Thailand now rests just above the 1,140-point plateau although it may tick lower again on Friday.

RTTNews | 2h 56minuter sedan

China Shares Due For Consolidation On Friday

China Shares Due For Consolidation On Friday

The China stock market has finished higher in three straight sessions, advancing more than 35 points or 1.1 percent along the way. The Shanghai Composite Index now sits just above the 3,375-point plateau although it's looking at a soft start on Friday.

RTTNews | 3h 56minuter sedan

Hong Kong Bourse May Spin Its Wheels On Friday

Hong Kong Bourse May Spin Its Wheels On Friday

The Hong Kong stock market has moved higher in three consecutive sessions, accelerating almost 750 points or 3.5 percent along the way. The Hang Seng Index now sits just above the 23,900-point plateau although it's likely to be stuck in neutral on Friday.

RTTNews | 4h 26minuter sedan

Profit Taking Expected For Taiwan Stock Market

Profit Taking Expected For Taiwan Stock Market

The Taiwan stock market has moved higher in three straight sessions, accelerating almost 680 points or 3.2 percent along the way. The Taiwan Stock Exchange now sits just beneath the 21,675-point plateau although investors may cash in on Friday.

RTTNews | 4h 26minuter sedan

Japan Household Spending Sinks 1.8% In April

Japan Household Spending Sinks 1.8% In April

The average of household spending in Japan was down a seasonally adjusted 1.8 percent on month in April, the Ministry of Internal Affairs and Communications said on Friday - coming in at 325,717 yen.

RTTNews | 4h 41minuter sedan

Rally May Stall For Malaysia Stock Market

Rally May Stall For Malaysia Stock Market

The Malaysia stock market has moved higher in two straight sessions, collecting almost 15 points or 1 percent along the way. The Kuala Lumpur Composite Index now sits just beneath the 1,520-point plateau although it may run out steam on Friday.

RTTNews | 4h 56minuter sedan

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