Sensex, Nifty Snap 4-day Losing Streak, Close Modestly Higher

RTTNews | 232 gün önce

(RTTNews) - Indian shares closed higher on Tuesday, recovering after four straight days of losses, thanks to bargain hunting at several counters, and data showing a drop in the nation's consumer price inflation.

Data released by the National Statistical Office after trading hours on Monday showed India's consumer price inflation softened slightly to 5.22% in December from 5.48% in November. Inflation was expected to come in at 5.3%.

India's wholesale price inflation accelerated in December to the highest level in six months, provisional data from the Ministry of Commerce and Industry revealed on Tuesday.

The wholesale price index, or WPI, rose 2.37% year-over-year in December, faster than the 1.89% increase in September. Economists had expected inflation to rise to 2.3%.

The BSE benchmark Sensex, which climbed to 76,835.61, gaining more than 500 points in the process, ended the session with a gain of 169.92 points or 0.22% at 76,499.63.

The broader Nifty50 index of the National Stock Exchange closed up 90.10 points or 0.39% at 23,176.05, nearly 90 points off the day's high.

Bank, automobile, metal and pharmaceuticals shares moved up sharply.

Adani Ports rallied about 4.8%. NTPC gained about 4.2% and Tata Steel climbed 3.3%. Zomato, Tata Motors, Bajaj Finance, State Bank of India, Bajaj Finserv, IndusInd Bank and Maruti Suzuki gained 2 to 3%.

Sun Pharmaceutical Industries, M&M and Power Grid Corporation also closed notably higher.

Adani Enterprises surged more than 7%, topping the Nifty gainers list. Shriram Finance, NTPC, Hindalco and BEL gained 4 to 5%.

ONGC, Coal India, Eicher Motors, SBI Life, HeroMotocorp and Grasim Industries also posted solid gains.

HCL Technologies tumbled 8.6% despite reporting a surge in consolidated net profit the third quarter. The stock fell as the company's revenue guidance for the current financial year fell short of expectations. The IT major reported consolidated net profit of Rs 4,590 crore for the third quarter, compared to Rs 4,235 crore a quarter earlier.

Hind Unilever ended lower by about 3.5%. Titan Industries, Tata Consultancy Services, UltraTech Cement and Infosys lost 1.1 to 1.4%.

Win Streak May Continue For South Korea Shares

The South Korea stock market has moved higher in back-to-back trading days, collecting more than 40 points or 1.3 percent along the way. The KOSPI now rests just above the 3,180-point plateau and it may add to its winnings on Thursday.

RTTNews | 16 dakika önce

Australia Trade Data Due On Thursday

Australia will on Thursday release August numbers for imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity. In July, imports were down 3.1 percent on month and exports rose 6.0 percent for a trade surplus of A$5.365 billion.

RTTNews | 1s 16 dakika önce

U.S. Dollar Falls After Weak Job Openings Data

The U.S. dollar weakened against its major counterparts in the New York session on Wednesday, following the release of weak job openings data for July.

RTTNews | 1s 23 dakika önce

Swiss Market Closes On Bright Note

The Switzerland market closed on a bright note on Wednesday after holding firm right through the day's trading session thanks to sustained buying at several counters from across various sectors.

RTTNews | 5s 15 dakika önce

European Stocks Close Higher On Bargain Hunting, Fairly Positive Economic Data

European stocks closed broadly higher on Wednesday as slightly encouraging data on private sector activity in the region aided sentiment. Bargain hunting at several counters after Tuesday's decline helped as well in pushing up prices.

RTTNews | 5s 39 dakika önce

Consumer Staples, Materials Stocks Rise As TSX Hits New Record High

The Canadian market is up in positive territory a little past noon on Wednesday, thanks to strong gains in consumer staples, materials and technology sectors. Energy and healthcare stocks are weak, while shares from rest of the sectors are turning in a mixed performance.

RTTNews | 6s 32 dakika önce

U.S. Job Openings Fall To Ten-Month Low In July

Job openings in the U.S. fell to their lowest level in ten months in July, according to a report released by the Labor Department on Wednesday. The Labor Department said job openings dipped to 7.181 million in July after tumbling to a downwardly revised 7.357 million in June.

RTTNews | 7s 44 dakika önce

U.S. Factory Orders Slump Roughly In Line With Estimates In July

A report released by the Commerce Department on Wednesday showed an extended slump by new orders for U.S. manufactured goods in the month of July. The Commerce Department said factory orders fell by 1.3 percent in July after plunging by 4.8 percent in June. Economists had expected factory orders to decrease by 1.4 percent.

RTTNews | 8s 51 dakika önce

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