Indian Shares Rally As Oil Prices Slump

RTTNews | 1086 วันที่ผ่านมา

(RTTNews) - Indian shares opened sharply higher on Thursday, mirroring positive global cues as oil prices slumped and Treasury yields pulled back, helping cool investor concerns about inflation and interest-rate hikes.

Investors also reacted positively to Fed Vice Chair Lael Brainard's comments on bringing inflation down without going too far.

The benchmark S&P/BSE Sensex rallied 540 points, or 0.9 percent, to 59,570 in early trade, while the broader NSE Nifty index was up 150 points, or 0.9 percent, at 17,774.

BPCL, HPCL and IOC jumped 2-4 percent after oil prices plunged to reach seven-month lows in the U.S. trading session.

Tech Mahindra, Asian Paints, Bharti Airtel and ICICI Bank all rose about 2 percent.

Automakers such as Tata Motors, Maruti Suzuki India and Bajaj Auto were seeing modest gains.

Industry data showed that total vehicle retail sales posted 8 percent growth year-on-year in August.

Adani Group stocks were broadly higher. After calling the $200 bn group "deeply overleveraged", Fitch Group's debt research unit CreditSights said it had made calculation errors in the report on two Adani companies.

Dr. Reddy's gained 0.6 percent after launching Lenalidomide capsules in the United States.

NDTV shares fell 5 percent. The Adani Group's open offer to acquire additional 26 percent stake at Rs 294 per share in the company will begin on October 17 and end on November 01.

HDFC Bank added 0.7 percent after increasing its marginal cost of funds-based lending rate.

Axis Bank rose over 1 percent after it entered into a partnership with branchless banking network PayNearby.

Canadian Market Up In Positive Territory; BRP Rises Sharply On Strong Earnings

Despite weak GDP data, the Canadian market is up firmly in positive territory Friday afternoon with stocks from materials and healthcare sectors contributing significantly to the gains.

RTTNews | 1 ชม. 32 นาทีที่ผ่านมา

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.

RTTNews | 2 ชม. 9 นาทีที่ผ่านมา

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.

RTTNews | 2 ชม. 37 นาทีที่ผ่านมา

U.S. Consumer Sentiment Deteriorates Slightly More Than Initially Estimated In August

The University of Michigan released a report on Friday showing consumer sentiment in the U.S. deteriorated by slightly more than previously estimated in the month of August. The report said the consumer sentiment index for August was downwardly revised to 58.2 from the preliminary reading of 58.6.

RTTNews | 5 ชม. 22 นาทีที่ผ่านมา

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.

RTTNews | 5 ชม. 41 นาทีที่ผ่านมา

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.

RTTNews | 6 ชม. 24 นาทีที่ผ่านมา

German Unemployment Exceeds 3 Mln

Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1

RTTNews | 6 ชม. 53 นาทีที่ผ่านมา

U.S. PCE Price Index Increased In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday.

RTTNews | 7 ชม. 6 นาทีที่ผ่านมา

EURUSD	1.16986	GBPUSD	1.35129	AUDUSD	0.65465
USDJPY	146.971	USDCAD	1.37275	USDCHF	0.8