Sensex, Nifty Snap Four-day Losing Streak

RTTNews | 1059 dagar sedan
Stocktwits
Sensex, Nifty Snap Four-day Losing Streak

(RTTNews) - Indian shares rose notably on Friday to snap a four-day losing streak after two of the Federal Reserve's most hawkish policymakers signaled support for a second straight 75-basis-point rate hike at the U.S. central bank's policy meeting later this month, alleviating some fears of a 100-basis point hike.

The benchmark S&P BSE Sensex rose 344.63 points, or 0.65 percent, to 53,760.78 while the broader NSE Nifty index settled at 16,049.20, up 110.55 points, or 0.69 percent, from its previous close.

FMCG stocks topped the gainers list, while IT and metal stocks were hit hard.

Hindustan Unilever and Tata Consumer Products both rose about 3 percent, given the recent softening trend in commodity prices.

Among other prominent gainers, Larsen & Toubro, Tata Motors and Titan Company surged 2-3 percent.

Metal stocks led losses, with Tata Steel tumbling 2.6 percent after China GDP data missed forecasts. IT stocks such as Wipro and HCL Technologies lost around 2 percent each.

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Taiwan Shares Tipped To Open To The Upside On Monday

Taiwan Shares Tipped To Open To The Upside On Monday

The Taiwan stock market on Friday halted the three-day winning streak in which it had jumped almost 680 points or 3.2 percent. The Taiwan Stock Exchange now sits just above the 21,660-point plateau although it's likely to find renewed support on Monday.
RTTNews | 24 minuter sedan
Singapore Bourse Poised To Extend Winning Streak

Singapore Bourse Poised To Extend Winning Streak

The Singapore stock market has climbed higher in four straight sessions, collecting almost 40 points or 1 percent along the way. The Straits Times Index now sits just beneath the 3,935-point plateau and it may extend its gains on Monday.
RTTNews | 54 minuter sedan
Japan GDP Flat On Quarter In Q1

Japan GDP Flat On Quarter In Q1

Japan's gross domestic product was unchanged on a seasonally adjusted quarterly basis from the previous quarter, the Cabinet Office said on Monday.
RTTNews | 58 minuter sedan
Malaysia Shares May Bounce Higher On Monday

Malaysia Shares May Bounce Higher On Monday

The Malaysia stock market on Friday snapped the two-day winning streak in which it had gained almost 15 points or 1 percent. The Kuala Lumpur Composite Index now sits just above the 1,515-point plateau although it's expected to see renewed support on Monday.
RTTNews | 1h 24minuter sedan
Japan Stock Market May Add To Its Winnings On Monday

Japan Stock Market May Add To Its Winnings On Monday

The Japan stock market has finished higher in two of three trading days since the end of the three-day losing streak in which it had tumbled almost 1,000 points or 2.8 percent. The Nikkei 225 now sits just above the 37,740-point plateau and it's tipped to open in the green again on Monday.
RTTNews | 1h 39minuter sedan
Higher Open Predicted For South Korea Stock Market

Higher Open Predicted For South Korea Stock Market

Ahead of Friday's holiday for Memorial Day, the South Korea stock market had finished higher in three straight sessions, collecting more than 115 points or 4.2 percent along the way. The KOSPI now rests just above the 2,810-point plateau and it's expected to see additional support again on Monday.
RTTNews | 1h 54minuter sedan
Japan GDP Data Due On Monday

Japan GDP Data Due On Monday

Japan will on Monday release Q1 numbers for gross domestic product, highlighting a busy day for Asia-Pacific economic activity. GDP is expected to slip 0.2 percent on quarter and rise 0.5 percent on year after adding 0.6 percent on quarter and 2.2 percent on year in the three months prior.
RTTNews | 2h 54minuter sedan
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