Sensex, Nifty Close On Buoyant Note

RTTNews | 617天前

(RTTNews) - Indian shares, led by information technology stocks, rallied sharply on Wednesday amid optimism the Federal Reserve will start cutting interest rates by March next year.

Remarks from Fed Governor Christopher Waller that the central bank might cut rate as early as March 24 if inflation continues to decline appear to have lifted sentiment.

"Inflation rates are moving along pretty much like I thought," Fed Governor Christopher Waller, a hawkish and influential voice at the central bank, told the American Enterprise Institute think tank on Tuesday.

Apart from technology stocks, several shares from automobile, banking, healthcare and oil sectors moved higher.

The BSE benchmark Sensex ended with a gain of 727.71 points or 1.1% at 66,901.91, while the broader Nifty50 index of the National Stock Exchange, which moved past the 20k mark for the first time in about seven months, settled with a gain of 206.90 points or 1.04% at 20,096.60.

Axis Bank rallied nearly 4%. Mahindra & Mahindra climbed 3.4%. Wipro, Tata Motors, HDFC Bank, Tech Mahindra, ICICI Bank, JSW Steel, HCL Technologies, Tata Consultancy Services, Infosys and Kotak Bank gained 1 to 2.3%.

Larsen & Toubro, Bharti Airtel, Sun Pharmaceutical Industries, State Bank of India and Tata Steel posted moderate gains.

Hero Motocorp rallied 3.2%. MindTree, Britannia Industries, Grasim Industries, JSW Steel, Apollo Hospitals Enterprises, UPL, BPCL and Bharti Airtel ended notably higher.

Adani Enterprises, ONGC, Divi's Laboratories, Nestle, Eicher Motors and Titan closed weak.

Zomato shares climbed about 3.5% after over 300 million shares of the company changed hands through a block deal this morning.

Indian Renewable Energy Development Agency (IREDA) shares made a strong debut this morning. The stock listed at a premium of about 56.25%, debuting at Rs 50. The company had allotted the shares at Rs 32 per share.

The market breadth was slightly positive. On BSE, 1,916 stocks moved higher. 1,786 stocks drifted lower, and 139 stocks ended flat.

Malaysia Stock Market May Be Stuck In Neutral On Friday

The Malaysia stock market has moved higher in three straight sessions, collecting more than 20 points or 1.5 percent along the way. The Kuala Lumpur Composite Index now sits just beneath the 1,550-point plateau although it's due for consolidation on Friday.

RTTNews | 12分钟前

Win Streak May End For Japan Stock Market

The Japan stock market has moved higher in three consecutive sessions, advancing more than 760 points or 1.9 percent along the way. The Nikkei 225 now sits just shy of the 41,060-point plateau although it may spin its wheels on Friday.

RTTNews | 27分钟前

South Korea Shares May Run Out Of Steam On Friday

The South Korea stock market has moved higher in four straight sessions, advancing almost 110 points or 3.6 percent along the way. The KOSPI now sits just above the 3,225-point plateau although the rally may stall on Friday.

RTTNews | 42分钟前

Japan Data On Tap For Friday

Japan will release a batch of data on Friday, headlining a modest day for Asia-Pacific economic activity. On tap are June figures for household spending and current account and July numbers for bank lending and the eco watchers survey.

RTTNews | 1小时42分钟前

U.S. Dollar Rises As Waller Emerges As Potential Fed Chair Successor

The U.S. dollar climbed against its most major counterparts in the New York session on Thursday, as Federal Reserve governor Christopher Waller emerged as a top candidate to replace Chair Jerome Powell.

RTTNews | 2小时29分钟前

U.S. Wholesale Inventories Inch Up Less Than Expected In June

Wholesale inventories in the U.S. crept up by less than expected in the month of June, according to a report released by the Commerce Department on Thursday. The Commerce Department said wholesale inventories inched up by 0.1 percent in June after falling by 0.3 percent in May. Economists had expected wholesale inventories to rise by 0.2 percent, in line with the preliminary estimate.

RTTNews | 8小时34分钟前

U.S. Labor Productivity Rebounds Roughly In Line With Estimates In Q2

Labor productivity in the U.S. saw a significant rebound in the second quarter of 2025, according to preliminary data released by the Labor Department on Thursday. The report said labor productivity shot up by 2.4 percent in the second quarter after tumbling by a downwardly revised 1.8 percent in the first quarter.

RTTNews | 9小时6分钟前

U.S. Jobless Claims Rise More Than Expected To 226,000

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits rose by more than expected in the week ended August 2nd. The Labor Department said initial jobless claims climbed to 226,000, an increase of 7,000 from the previous week's revised level of 219,000.

RTTNews | 9小时16分钟前

EURUSD	1.16773	GBPUSD	1.34512	AUDUSD	0.65272
USDJPY	146.834	USDCAD	1.37355	USDCHF	0.8057

Advertisement

Sensex, Nifty Close On Buoyant Note