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Sensex, Nifty Rally As Trump Delays EU Tariffs

RTTNews | 4 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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Crude Oil Prices Slip On Friday

Crude Oil Prices Slip On Friday

Crude suffered a weekly loss of more than 1 percent due to uncertainty over U.S. President Donald Trump's tariffs and their likely impact on global growth and fuel demand.

RTTNews | 1h 0minuter sedan

Pound Drops As Trade Tensions Renew

Pound Drops As Trade Tensions Renew

The pound fell against its major counterparts in the New York session on Friday, as trade tensions escalated after the U.S. President accused China of violating trade agreement reached earlier this month.

RTTNews | 1h 2minuter sedan

Weighed Down By Tariff Uncertainty, Gold Slides

Weighed Down By Tariff Uncertainty, Gold Slides

The swift changes in successive US court rulings on tariffs and a softer inflation report caused a slide in gold price on Friday.

RTTNews | 1h 9minuter sedan

Swiss Market Ends Modestly Higher

Swiss Market Ends Modestly Higher

Save for a few minutes at the start when it stayed a bit weak, the Switzerland market remained positive on Friday, and despite coming off the day's high hit around noon, ended the session modestly higher.

RTTNews | 3h 15minuter sedan

Major European Markets Close Slightly Higher

Major European Markets Close Slightly Higher

Despite uncertainty surrounding Trump administration's tariff plans, The major European markets mostly closed higher on Friday. Trade tensions escalated after the U.S. President accused China of violating trade agreement reached earlier this month, but investors picked up stocks amid expectations of an interest rate cut by the European Central Bank.

RTTNews | 3h 40minuter sedan

Canadian Market Modestly Lower, Looks Headed For Another Weak Close

Canadian Market Modestly Lower, Looks Headed For Another Weak Close

The Canadian market is exhibiting weakness on Friday, weighed down by losses in energy, healthcare and technology sectors. Amid renewed concerns about a global trade war, the mood in the market remains cautious.

RTTNews | 4h 37minuter sedan

U.S. Stocks Broadly Lower In Cautious Trade

U.S. Stocks Broadly Lower In Cautious Trade

U.S. stocks are turning in a weak performance on Friday amid renewed concerns over trade tensions, and a batch of mixed economic data. The major averages all are down in negative territory, with the tech-laden Nasdaq underperforming.

RTTNews | 5h 9minuter sedan

U.S. Consumer Prices Inch Up In Line With Estimates In April

U.S. Consumer Prices Inch Up In Line With Estimates In April

Consumer prices in the U.S. crept slightly higher in the month of April, according to a closely watched report released by the Commerce Department on Friday.

RTTNews | 8h 25minuter sedan

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