Sensex, Nifty Rally On Firm Global Cues

RTTNews | 1059 dagar sedan
Sensex, Nifty Rally On Firm Global Cues

(RTTNews) - Indian shares rallied on Monday to test one-week highs as fears about a full-point Fed rate hike receded.

The dollar eased in international markets after the University of Michigan's survey showed inflation expectations easing to a one-year low.

With positive global cues lending support, investors shrugged off a rising trend in oil prices and a decision by Morgan Stanley to lower its GDP growth estimates for India.

Meanwhile, in a reply in the Lok Sabha, the finance ministry said that "global factors such as the Russia- Ukraine conflict, soaring crude oil prices and tightening of global financial conditions are the major reasons for the weakening of the Indian rupee against the greenback."

The benchmark S&P BSE Sensex jumped 760.37 points, or 1.41 percent to 54,521.15, while the broader NSE Nifty index ended the session up 229.30 points, or 1.43 percent, at 16,278.50.

Hindalco soared 4.8 percent to pace the gainers as industrial metal prices gained on Chinese regulators' latest efforts to avert a potential crisis in the country's real estate market.

Tech stocks saw broad-based gains, with Tech Mahindra and Infosys both climbing around 4 percent.

Financials followed suit, with Bajaj FinServ and IndusInd Bank rising 3.5 percent and 4.3 percent, respectively.

On the flip side, Mahindra & Mahindra, HDFC Bank, Britannia Industries and Dr Reddy's Laboratories dropped 1-2 percent.

read more
European Shares Seen Tad Lower At Open

European Shares Seen Tad Lower At Open

European stocks may drift lower on Wednesday as market participants assess the outcome of U.S.-China trade negotiations.
RTTNews | 2h 12minuter sedan
Sensex, Nifty Marginally Higher In Lackluster Trade

Sensex, Nifty Marginally Higher In Lackluster Trade

Indian shares were marginally higher on Wednesday after top U.S. and Chinese officials agreed on a "framework" to move forward on trade, following two days of high-level talks in London.
RTTNews | 3h 23minuter sedan
Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The Australian market is trimming its early gains in mid-market moves on Wednesday, but extending the gains in the previous session, with the benchmark S&P/ASX 200 moving above the 8,600 level to fresh all-time highs, following the positive cues from Wall Street overnight, with gains in iron ore miners, energy and financial stocks partially offset by weakness in gold miners and technology stocks.
RTTNews | 4h 24minuter sedan
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from Wall Street overnight, amid easing trade war tensions after top U.S. and Chinese officials agreed upon a "framework" to move forward on trade, following two days of high-level talks in London. The framework will first need to be approved by leaders in Washington and Beijing.
RTTNews | 4h 49minuter sedan
Sensex, Nifty Set For Muted Start

Sensex, Nifty Set For Muted Start

Indian shares are seen opening little changed on Wednesday despite top U.S. and Chinese officials agreeing on a "framework" to move forward on trade, following two days of high-level talks in London.
RTTNews | 5h 18minuter sedan
Thai Bourse May Extend Tuesday's Gains

Thai Bourse May Extend Tuesday's Gains

The Thai stock market on Tuesday ended the two-day slide in which it had slipped more than 5 points or 0.4 percent. The Stock Exchange of Thailand now rests just beneath the 1,140-point plateau and it may tick higher again on Wednesday.
RTTNews | 5h 49minuter sedan
Japanese Market Modestly Higher

Japanese Market Modestly Higher

The Japanese stock market is trading modestly higher on Wednesday, extending the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving above the 38,300 level, with gains across most sectors led by index heavyweights and technology stocks. Financial stocks are a weak spot.
RTTNews | 6h 15minuter sedan
Indonesia Shares May Open To The Upside

Indonesia Shares May Open To The Upside

The Indonesia stock market has moved higher in three straight sessions, gathering almost 190 points or 2.7 percent along the way. The Jakarta Composite Index now rests just above the 7,230-point plateau and it's looking at a firm lead again for Wednesday's trade.
RTTNews | 6h 19minuter sedan