Sensex Climbs 500 Points; Nifty Tops 15,550

RTTNews | 1137 gün önce
Sensex Climbs 500 Points; Nifty Tops 15,550

(RTTNews) - Indian shares rose sharply in early trade on Thursday despite mixed global cues and the impending weekly F&O expiry.

Investors were also reacting to Federal Reserve Chair Jerome Powell's testimony in front of Congress and the minutes of the RBI's MPC meeting.

The S&P BSE Sensex climbed 500 points, or nearly 1 percent, to 52,319 while the broader NSE Nifty index was up 160 points, or 1 percent, at 15,573.

Automakers and banks were seeing big gains, with Maruti Suzuki India, Eicher Motors, ICICI Bank, Tata Motors and Hero MotoCorp rising 3-4 percent.

Bajaj Auto rallied 2 percent ahead of a board meet on June 27 to decide on share buyback proposal.

Vodafone Idea rose over 1 percent after raising Rs 436.21 crore from its U.K. parent.

ITC gained half a percent. The company said it would sell raw tobacco worth Rs. 1,990 crore to parent company British American Tobacco in 2022-23.

Allsec Technologies soared more than 6 percent on news it would merge with technology-enabled staffing and outsourcing services firm Quess Corp in an all-stock deal.

read more
Japan Monetary Base Data Due On Monday

Japan Monetary Base Data Due On Monday

Japan will on Monday release July figures for monetary base, highlighting a very light day for Asia-Pacific economic activity. In June, the base was down 3.3 percent on year.
RTTNews | 53 dakika önce
U.S. Construction Spending Unexpectedly Sees Further Downside In June

U.S. Construction Spending Unexpectedly Sees Further Downside In June

The Commerce Department released a report on Friday unexpectedly showing a continued decrease by U.S. construction spending in the month of June. The report said construction spending fell by 0.4 percent to an annual rate of $2.136 trillion in June after sliding by 0.5 percent to a revised rate of $2.144 trillion in May.
RTTNews | 2 gün önce
U.S. Consumer Sentiment Improves Marginally Less Than Previously Estimated In July

U.S. Consumer Sentiment Improves Marginally Less Than Previously Estimated In July

Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. improved marginally less than previously estimated in the month of July. The University of Michigan said its consumer sentiment index for July was downwardly revised to 61.7 from a preliminary reading of 61.8. Economists had expected the index to be upwardly revised to 62.0.
RTTNews | 2 gün önce
U.S. Manufacturing Index Unexpectedly Dips To Nine-Month Low In July

U.S. Manufacturing Index Unexpectedly Dips To Nine-Month Low In July

Manufacturing activity in the U.S. unexpectedly contracted at a slightly faster rate in the month of July, according to a report released by the Institute for Supply Management on Friday. The ISM said its manufacturing PMI edged down to 48.0 in July after inching up to 49.0 in June with a reading below 50 indicating contraction.
RTTNews | 2 gün önce
Eurozone Inflation Steady At 2% ECB Target

Eurozone Inflation Steady At 2% ECB Target

Euro area consumer price inflation was unchanged at the European Central Bank's 2 percent target in July, easing the pressure for more easing. The harmonized index of consumer prices increased 2.0 percent year-on-year in July, the same rate of increase as seen in June. Inflation was forecast to ease marginally to 1.9 percent.
RTTNews | 2 gün önce