Sensex, Nifty Open Higher On Trade Talk Optimism

RTTNews | 2天前
Sensex, Nifty Open Higher On Trade Talk Optimism

(RTTNews) - Indian shares were modestly higher on Wednesday after India and the U.S. agreed to speed up talks on a bilateral trade.

After a high-level official meeting, it was decided to intensify efforts to achieve early conclusion of a mutually beneficial Trade Agreement," according to a statement issued by the Commerce and Industry Ministry.

The benchmark BSE Sensex was up 311 points, or 0.4 percent, at 82,692 in early trade while the broader NSE Nifty index climbed 99 points, or 0.4 percent, to 25,337.

Among the top gainers, Bharat Electronics rallied 2.5 percent after an announcement that it has secured new orders totaling Rs. 712 crore since September 1.

Larsen & Toubro, Trent, Tata Motors, Kotak Mahindra Bank and UltraTech Cement all were up around 1 percent.

RailTel advanced 1.8 percent on securing a work order worth Rs. 105.74 crore from the State Project Director, Bihar Education Project Council (BEPC).

Coal India gained 1 percent after it won a bid for a rare earth exploration block.

Tech Mahindra rose about 1 percent after LIC increased its stake in the company from 8.836 percent to 10.84 percent.

read more
Pound Slides As UK Bond Yield Soars

Pound Slides As UK Bond Yield Soars

The British pound weakened against other major currencies in the European session on Friday, as long-dated UK bond yields rise sharply in response to increasing public sector borrowings in August.
RTTNews | 1小时26分钟前
Sensex, Nifty End Lower On Profit Taking

Sensex, Nifty End Lower On Profit Taking

Indian shares ended lower on Friday, with key benchmark indexes Sensex and Nifty snapping a three-day winning streak that was supported by GST reforms, encouraging progress in India-U.S. trade discussions and the Federal Reserve's first rate cut of the year.
RTTNews | 1小时45分钟前
DAX Pares Early Gains, Down Marginally

DAX Pares Early Gains, Down Marginally

German stocks pared early gains and are down in negative territory a little past noon on Friday with investors looking to take some profits after previous session's sharp upmove.
RTTNews | 1小时52分钟前
Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the European session on Friday.
RTTNews | 1小时58分钟前
Antipodean Currencies Fall Amid Fed Cautious Outlook

Antipodean Currencies Fall Amid Fed Cautious Outlook

The antipodean currencies Australia and the New dollar weakened against their major currencies in the Asian session on Friday, as traders continued to digest the U.S. Fed's interest rate cut by a quarter point and its impact on the markets. Fed officials' forecasts suggest two more rate cuts this year but just one next year, although there were significant differences of opinion about the outlook.
RTTNews | 2小时29分钟前
UK Budget Shortfall Overshoots Estimate

UK Budget Shortfall Overshoots Estimate

UK government borrowing increased more than expected and also exceeded the official estimate in August, adding pressure on Chancellor Rachel Reeves ahead of the November budget. Public sector net borrowing increased GBP 3.5 billion from the last year to GBP 18.0 billion in August, the Office for National Statistics said Friday.
RTTNews | 3小时6分钟前