Sensex, Nifty Snap Two-day Losing Streak As Focus Shifts To RBI

RTTNews | 3 dagar sedan
Sensex, Nifty Snap Two-day Losing Streak As Focus Shifts To RBI

(RTTNews) - Indian shares rose on Monday as soft U.S. jobs data signaling a sharp deterioration in labor market conditions fueled bets of imminent Federal Reserve rate cuts.

Underlying sentiment was also supported by falling oil prices on supply glut fears and a weaker dollar due to tariff-related worries and growing fears of political influence on key institutions in the U.S.

As growth concerns re-emerge, investors also looked ahead to the Reserve Bank of India's monetary policy decision on August 6 for directional cues.

Economists are split on whether RBI's monetary policy board will continue cutting rates amid U.S. tariff shock and growth risks.

The BSE Sensex jumped 418.81 points, or, 0.52 percent, to 81,018.72, snapping a two-day losing streak.

The broader NSE Nifty index surged 157.40 points, or 0.64 percent, to 24,722.75 while the BSE mid-cap and small-cap indexes climbed 1.1 percent and 0.8 percent, respectively.

The market breadth was strong on the BSE, with 2,293 shares rising while 1,837 shares fell and 177 shares closed unchanged.

Among the top gainers, Tata Steel and BEL both rose around 4 percent while Bharti Airtel, TCS, Tech Mahindra and Adani Ports rallied 2-3 percent.

read more
Bank Of England Cuts Rate In Tight Vote

Bank Of England Cuts Rate In Tight Vote

The Bank of England reduced its benchmark interest rate in a close call on Thursday suggesting that the monetary easing cycle is nearing an end as policymakers became more concerned about persistent inflation. The Monetary Policy Committee, headed by BoE Governor Andrew Bailey, voted 5-4 to cut the bank rate by 25 basis points to 4.00 percent.
RTTNews | 48 minuter sedan
Pound Jumps After BoE Rate Decision

Pound Jumps After BoE Rate Decision

The British pound strengthened against other major currencies in the European session on Thursday the Bank of England (BoE) reduced UK interest rates by a quarter point, making it the fifth reduction in a year, although almost half of its policymakers opted to maintain borrowing costs.
RTTNews | 2h 12minuter sedan
CAC 40 Remains Firmly Up; ArcelorMittal Rises Over 7%

CAC 40 Remains Firmly Up; ArcelorMittal Rises Over 7%

French stocks are up in positive territory on Thursday, despite concerns about the impact of U.S. tariffs that come into force today. Investors are largely focusing on earnings, and digesting the Bank of England's interest rate decision.
RTTNews | 2h 13minuter sedan
Pound Rises Against Majors

Pound Rises Against Majors

The British pound strengthened against other major currencies in the European session on Thursday.
RTTNews | 2h 29minuter 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 | 2h 47minuter sedan