Sensex, Nifty Open Higher Led By IT Stocks

RTTNews | 584天前
Sensex, Nifty Open Higher Led By IT Stocks

(RTTNews) - Indian shares opened on a positive note Monday, with IT and rate-sensitive realty and banking stocks rallying after December CPI data came in better than expectations.

The benchmark S&P BSE Sensex was up 492 points, or 0.7 percent, at 73,061 in early trade, while the broader NSE Nifty index was up 120 points, or 0.6 percent, at 22,014.

Wipro soared more than 8 percent after reporting a better-than-expected rise in Q3 revenue.

HCL Technologies rallied 3.2 percent despite slightly reducing its revenue growth guidance for FY24.

LTIMindTree, Infosys and Tech Mahindra gained 2-3 percent.

IRFC soared 13 percent to extend gains for a third consecutive session.

BHEL jumped nearly 2 percent on securing a Rs. 15,000 crore order from NLC India.

ONGC rose 1.1 percent after announcing two significant gas discoveries in Mahanandi basin block.

Lupin gained half a percent on receiving the U.S. FDA approval for Propranolol Hydrochloride extended-release capsules.

read more
U.S. Leading Economic Index Edges Down In Line With Estimates In July

U.S. Leading Economic Index Edges Down In Line With Estimates In July

A reading on leading U.S. economic indicators edged slightly lower in the month of July, according to a report released by the Conference Board on Thursday. The Conference Board said leading economic index slipped by 0.1 percent in July after falling by 0.3 percent in June. The modest decrease matched economist estimates.
RTTNews | 2小时23分钟前
U.S. Existing Home Sales Unexpectedly Rebound In July

U.S. Existing Home Sales Unexpectedly Rebound In July

The National Association of Realtors released a report on Thursday showing an unexpected rebound by existing home sales in the U.S. in the month of July. The report said existing home sales jumped by 2.0 percent to an annual rate of 4.01 million in July after tumbling by 2.7 percent to an annual rate of 3.93 million in June.
RTTNews | 2小时34分钟前
Philly Fed Index Unexpectedly Returns To Negative Territory In August

Philly Fed Index Unexpectedly Returns To Negative Territory In August

Manufacturing activity in the Philadelphia area has weakened in the month of August, the Federal Reserve Bank of Philadelphia revealed in a report released on Thursday. The Philly Fed said its diffusion index for current general activity tumbled to a negative 0.3 in August from a positive 15.9 in July, with a negative reading indicating contraction.
RTTNews | 2小时58分钟前
U.S. Jobless Claims Rise More Than Expected To 235,000

U.S. Jobless Claims Rise More Than Expected To 235,000

First-time claims for U.S. unemployment benefits rose by much more than expected in the week ended August 16th, according to a repot released by the Labor Department on Thursday. The report said initial jobless claims climbed to 235,000, an increase of 11,000 from the previous week's unrevised level of 224,000. Economists had expected jobless claims to inch up to 225,000.
RTTNews | 3小时12分钟前
Euro, Pound Rises After Eurozone, U.K. PMI Reports

Euro, Pound Rises After Eurozone, U.K. PMI Reports

The European currency abd British pound strengthened against other major currencies in the European session on Thursday, after the release of Purchasing Managers' index data from both economies.
RTTNews | 4小时3分钟前
Canadian Stocks May Open Slightly Weak

Canadian Stocks May Open Slightly Weak

Canadian shares may open slightly down on Thursday with investors focusing on the upcoming speeches by central bank chiefs, including Fed Chair Jerome Powell, at the Jackson Hole Symposium.
RTTNews | 4小时10分钟前