Sensex Soars 787 Points; Nifty Tops 18,000

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Sensex Soars 787 Points; Nifty Tops 18,000

(RTTNews) - Indian shares rallied on Monday after a broad-based rally on hopes for a slowdown in some central banks' rate hikes sent Wall Street to a sharply higher close on Friday.

Falling oil prices also offered some support, helping offset weak China data pointing to further loss of momentum in the world's second-largest economy.

The rupee was marginally lower as the dollar recovered in international markets ahead of a busy week of earnings, economic data releases and central bank meetings, with the Federal Reserve expected to deliver another 75-basis points rate hike on Wednesday.

The benchmark S&P BSE Sensex jumped 786.74 points, or 1.31 percent, to 60,746.59 while the broader NSE Nifty index settled at 18,012.20, up 225.40 points, or 1.27 percent, from its previous close.

Among the top gainers, UltraTech Cement surged 4.1 percent on hopes of demand recovery in coming months post monsoon. Peers India Cements, Ambuja Cements, ACC, Shree Cement and JK Cement soared 2-5 percent.

Larsen & Toubro, HDFC, Mahindra & Mahindra and Eicher Motors climbed 2-3 percent.

Maruti Suzuki India rose half a percent to extend gains for a fifth straight session after the country's largest car maker on October 28 reported a massive 334 percent year-on-year growth in its standalone net profit for the September quarter.

Private sector lender Bandhan Bank slumped 9.8 percent on brokerage downgrades after its quarterly profit missed estimates.

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Asian Markets Mixed Amid Caution Trades

Asian Markets Mixed Amid Caution Trades

Asian stock markets are mixed on Friday, following the broadly positive cues from Wall Street overnight, ahead of the release of key U.S. inflation data later in the day that could impact the outlook for interest rates. Traders also digested highly anticipated earnings news from Nvidia, with the AI darling and market leader reporting second-quarter results that largely exceeded expectations.
RTTNews | 23 minuter sedan
Thai Stock Market Tipped To Open In The Green

Thai Stock Market Tipped To Open In The Green

The Thai stock market on Thursday ended the two-day slide in which it had slipped almost 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau and it may open to the upside again on Friday.
RTTNews | 1h 29minuter sedan
Japanese Market Notably Lower

Japanese Market Notably Lower

Giving up some of the gains in the previous two sessions, the Japanese market is notably lower on Friday, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling well below the 42,700 level, with weakness across most sectors led by exporters and technology stocks.
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Additional Support Predicted For Indonesia Shares

Additional Support Predicted For Indonesia Shares

The Indonesia stock market has moved higher in two consecutive trading days, gathering almost 50 points or 0.6 percent in that span. The Jakarta Composite Index now sits just above the 7,950-point plateau and it may add to its winnings on Friday.
RTTNews | 1h 59minuter sedan
Australian Market Slightly Lower

Australian Market Slightly Lower

The Australian stock market is trading slightly lower on Friday, giving up some of the gains in the previous two sessions, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 9,000 mark, with weakness in mining and financial stocks partially offset by gains in energy and technology stocks.
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Hong Kong Shares May Stop The Bleeding On Friday

Hong Kong Shares May Stop The Bleeding On Friday

The Hong Kong stock market has finished lower in three straight sessions, tumbling almost 830 points or 3.3 percent along the way. The Hang Seng Index now rests just beneath the 25,000-point plateau although it may find traction on Friday.
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Higher Open Called For China Stock Market

Higher Open Called For China Stock Market

The China stock market on Thursday snapped the two-day losing streak in which it had stumbled more than 80 points or 2.1 percent. The Shanghai Composite Index now sits just above the 3,840-point plateau and it's expected to see additional support on Friday.
RTTNews | 2h 29minuter sedan