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Sensex, Nifty Scale Fresh Record Highs

RTTNews | 778 dagar sedan

Sensex, Nifty Scale Fresh Record Highs

(RTTNews) - Indian shares rose notably on Monday to reach new record highs despite weak cues from global markets after China reported disappointing GDP data.

The benchmark S&P/BSE Sensex jumped 529.03 points, or 0.80 percent, to 66,589.93 - marking a record closing high driven by sustained foreign fund inflows on the back of a weaker dollar amid expectations the Fed is nearing the end of its tightening campaign.

The broader NSE Nifty index also scaled a fresh record closing high, ending 146.95 points, or 0.75 percent, at 19,711.45.

HDFC Bank, Grasim, Dr Reddy's Laboratories, Wipro and SBI rallied 2-3 percent in the Nifty pack while Bharti Airtel, Titan Company, Tata Motors, Hero MotoCorp and ONGC fell 1-2 percent.

Gold prices were mixed in European trade after gaining about 1.6 percent last week to post their biggest weekly rise since April.

The dollar index hovered around 15-month lows after suffering its biggest weekly drop of the year.

Two-year U.S. Treasury yields, the most sensitive to shifts in rate expectations, were down slightly to hover above one-month lows while oil prices declined on China demand concerns.

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Swiss Shares Extend Losing Streak

Swiss Shares Extend Losing Streak

The Swiss stock market closed under pressure again on Tuesday, stretching its losing streak to three sessions while giving up more than 130 points or 1.1 percent in that span.

RTTNews | 1h 50minuter sedan

Eurozone Inflation Path Suggests ECB Unlikely To Cut Rates Further

Eurozone Inflation Path Suggests ECB Unlikely To Cut Rates Further

Euro area inflation modestly accelerated to a four-month high, and the core figure was steady around the 2 percent target in August as a slight slowing in both food price growth and services inflation was offset by a smaller decline in energy prices, which suggests that the European Central Bank is set to hold interest rates steady in future policy sessions.

RTTNews | 1h 56minuter sedan

European Markets Finish In The Red On Tuesday

European Markets Finish In The Red On Tuesday

The major European markets finished firmly under water on Tuesday after Eurostat data showed Eurozone inflation rose to 2.1 percent last month, climbing above the European Central Bank's 2 percent target for the first time since April driven by higher prices for food, alcohol and tobacco.

RTTNews | 2h 3minuter sedan

U.S. Construction Spending Unexpectedly Edges Lower In July

U.S. Construction Spending Unexpectedly Edges Lower In July

A report released by the Commerce Department on Tuesday showed construction spending in the U.S. unexpectedly edged slightly lower in the month of July. The Commerce Department said construction spending slipped by 0.1 percent to an annual rate of $2.139 trillion in July after falling by 0.4 to a revised rate of $2.141 trillion in June.

RTTNews | 4h 3minuter sedan

Domino's Launches Two New Delectable Bread Bites Flavors

Domino's Launches Two New Delectable Bread Bites Flavors

Domino's Pizza, the largest pizza company in the world, announced the launch of two new Bread Bite flavors: Cinnamon and Garlic, to join Domino's Parmesan Bread Bites, adding to its line of oven-baked mouthwatering options for customers to enjoy.

RTTNews | 4h 16minuter sedan

U.S. Manufacturing Index Inches Up In Line With Estimates In August

U.S. Manufacturing Index Inches Up In Line With Estimates In August

The Institute for Supply Management released a report on Tuesday showing a slight increase by its reading on U.S. manufacturing activity in the month of August, although the index still indicated the sixth consecutive month of contraction.

RTTNews | 4h 18minuter sedan

FTSE 100 Slips As Yields Spike, Sterling Plunges

FTSE 100 Slips As Yields Spike, Sterling Plunges

The FTSE 100 benchmark of the London Stock Exchange dropped close to a percent amidst renewed concerns about the fiscal situation in the U.K.

RTTNews | 5h 5minuter sedan

CAC 40 Slips Amidst Fiscal Concerns

CAC 40 Slips Amidst Fiscal Concerns

A renewed focus on the fiscal situation in France dampened sentiment for the CAC 40 benchmark that tracks the 40 largest French stocks based on the Euronext Paris.

RTTNews | 6h 13minuter sedan

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