Sensex, Nifty Set To Follow Global Peers Higher

RTTNews | 794 dagar sedan
Sensex, Nifty Set To Follow Global Peers Higher

(RTTNews) - Indian shares look set to open on a firm note Monday, helped by firm global cues and continued FII buying.

Data showed foreign portfolio investors (FPIs) pumped in Rs. 43,838 crore in Indian equities in May, the highest level in nine months, with financials, telecom, automobile and construction sectors attracting big investments.

Focus shifts to the RBI policy meeting due this week, with most economists expecting policy rates to remain unchanged.

Asian markets extended a global rally this morning and gold eased on a firmer dollar while oil prices rose about 1 percent after Saudi Arabia decided to deepen its crude oil production cuts.

U.S. stocks posted strong gains on Friday as the latest jobs report delivered mixed signals and the passage of a debt-ceiling agreement helped avert concerns surrounding debt default.

The Dow rallied 2.1 percent, while the tech-heavy Nasdaq Composite surged 1.1 percent to reach over one-year high and the S&P 500 added 1.5 percent to set a new nine-month closing high.

Data showed non-farm employment soared by 339,000 jobs in May while economists had expected an increase of 190,000 jobs.

However, a rise in unemployment rate to a seven-month high of 3.7 percent and lower average hourly earnings helped keep alive hopes of Fed pausing rate hikes.

European stocks rose sharply on Friday amid easing U.S. debt worries.

The pan European STOXX 600 jumped 1.5 percent. The German DAX climbed 1.3 percent, France's CAC 40 jumped 1.9 percent and the U.K.'s FTSE 100 gained 1.6 percent.

read more
Pound Rises Against Majors

Pound Rises Against Majors

The British pound strengthened against other major currencies in the European session on Thursday.
RTTNews | 17 minuter sedan
Euro Rises Amid Trump's Tariff Implementations

Euro Rises Amid Trump's Tariff Implementations

The euro strengthened against other major currencies in the European session on Thursday, as European shares rallied following the implementation of Trump's extensive "reciprocal" tariffs, which include a blanket 15% tax on exports from the EU.
RTTNews | 34 minuter sedan
FTSE 100 Moderately Lower; BoE Cuts Interest Rate By 0.25%

FTSE 100 Moderately Lower; BoE Cuts Interest Rate By 0.25%

The U.K. market is down in negative territory a little past noon on Thursday, extending its morning weakness, as investors largely remain cautious despite the Bank of England (BoE) reducing interest rate by a quarter percentage point this noon.
RTTNews | 37 minuter sedan
DAX Up Sharply As Investors React Positively To Earnings

DAX Up Sharply As Investors React Positively To Earnings

German stocks are up sharply on Thursday, with investors shrugging tariff concerns and going on a buying spree across the board, focusing mostly on earnings. A report showing a growth in the nation's exports in the quarter ended June is aiding sentiment, somewhat outweighing the data showing a sharp drop in industrial output in the month fof June.
RTTNews | 1h 3minuter sedan
Euro Rises Against Majors

Euro Rises Against Majors

The euro strengthened against other major currencies in the European session on Thursday.
RTTNews | 1h 13minuter sedan
German Industrial Output Declines Most In 11 Months

German Industrial Output Declines Most In 11 Months

Germany's industrial production logged its biggest fall in nearly a year in June, data from Destatis revealed on Thursday. Industrial output decreased 1.9 percent on a monthly basis in June, worse than the economists' forecast of 0.4 percent drop. This was the biggest fall since July 2024.Production for May was revised down from the initially estimated 1.2 percent increase.
RTTNews | 1h 25minuter sedan
Indian Rupee Rises To 3-day High Against U.S. Dollar

Indian Rupee Rises To 3-day High Against U.S. Dollar

The Indian rupee strengthened against the U.S. dollar in the Asian session on Thursday, as the monetary policy outlook from the Reserve Bank of India (RBI) helped the Indian currency amid rising trade tensions with the United States (US).
RTTNews | 1h 39minuter sedan
Sensex, Nifty End Marginally Higher After Early Losses

Sensex, Nifty End Marginally Higher After Early Losses

Indian shares reversed early losses to end on a flat note Thursday. A cautious undertone prevailed after U.S. President Donald Trump signed an executive order imposing an additional 25 percent tariff on India as a "penalty" in response to its continued purchase of Russian oil.
RTTNews | 1h 48minuter sedan