Sensex, Nifty Recover After Early Setback, Up Modestly Amid High Volatility

RTTNews | 12小时26分钟前

(RTTNews) - After a weak start and a subsequent drop to lower levels, Indian stocks recovered well Thursday morning, lifting the benchmark indices Sensex and the Nifty50 well above the flat line.

Despite the U.S.-China trade deal, there is still some uncertainty over the Trump Administration's tariff moves against some of its major trading partners. Also, investors are awaiting more economic data for clear signals about the market's near term prospects.

The BSE benchmark Sensex, which dropped to a low of 80,762.16, losing nearly 700 points in the process, rallied to 81,705.54 before easing to 81,447.47, still netting a gain of 116.91 points or 0.14%.

The National Stock Exchange's Nifty50 is up 57.25 points or 0.23% at 24,724.15. The Index, which tumbled to 24,494.45, climbed to 24,807.75 before paring some gains.

Tata Motors is up nearly 2.5%. Adani Ports is gaining about 1.5%, while Tata Steel, UltraTech Cement, Tech Mahindra, Bharti Airtel, HCL Technologies, ICICI Bank, Axis Bank and Asian Paints are up 0.5 to 1%.

NTPC, Power Grid Corporation, IndusInd Bank and Infosys are down 0.3 to 1%.

Eicher Motors Limited reported a 27.3% jump in fourth-quarter earnings to Rs 1,362.2 crore, compared to a year ago. The stock climbed to Rs 5,559.60 in early trades, but dropped to Rs 5,447.00 subsequently, up just marginally over its previous closing price.

Jubilant Foodworks Ltd., said its profit climbed 93% to Rs 49.5 crore in the fourth-quarter, from Rs 25.6 crore in the year-ago quarter. The stock is down 2%.

Lupin is gaining nearly 1%. The company's net profit surged 112.5% to Rs 782.4 crore in the fourth-quarter, compared to the year-ago quarter.

Tata Power is up just marginally, despite reporting a 43% jump in quarterly earnings.

Muthoot Finance is declining more than 5% despite reporting a 25% increase in quarterly earnings.

The market breadth is quite strong. On BSE, 2,458 stocks are up in positive territory. 1,057 stocks are weak, while 191 stocks are little changed from previous closing levels.

Major European Markets Recover After Early Setback, Close On Firm Note

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RTTNews | 33分钟前

U.S. Business Inventories Inch Up Slightly Less Than Expected In March

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RTTNews | 1小时48分钟前

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RTTNews | 1小时52分钟前

U.S. Homebuilder Confidence Unexpectedly Slumps In May

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RTTNews | 2小时3分钟前

U.S. Industrial Production Unexpectedly Flat In April

With a rebound by utilities output offset by decreases by manufacturing and mining output, the Federal Reserve released a report on Thursday showing industrial production in the U.S. came in unchanged in the month of April. The Fed said industrial production was unchanged in April after falling by 0.3 percent in March. Economists had expected industrial production to rise by 0.2 percent.

RTTNews | 2小时24分钟前

New York Manufacturing Index Edges Modestly Lower In May

A report released by the Federal Reserve Bank of New York said regional manufacturing activity continued to decline modestly in the month of May. The New York Fed said its general business conditions index edged down to a negative 9.2 in May from a negative 8.1 in April, with a negative reading indicating contraction. Economists had expected the index to dip to a negative 10.0.

RTTNews | 2小时37分钟前

Philly Fed Index Jumps More Than Expected But Remains Negative In May

Philadelphia-area manufacturing activity remained weak in the month of May, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday. The Philly Fed said its diffusion index for current general activity jumped to a negative 4.0 in May from a negative 26.4 in April, but a negative reading still indicates contraction.

RTTNews | 3小时31分钟前

U.S. Retail Sales Inch Up In Line With Estimates In April

A report released by the Commerce Department on Thursday showed a slight increase by U.S. retail sales in the month of April. The Commerce Department said retail sales crept up by 0.1 percent in April after surging by an upwardly revised 1.7 percent in March. Economists had expected retail sales to inch up by 0.1 percent compared to the 1.4 percent jump originally reported for the previous month.

RTTNews | 3小时46分钟前

EURUSD	1.11735	GBPUSD	1.32893	AUDUSD	0.64018
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Sensex, Nifty Recover After Early Setback, Up Modestly Amid High Volatility