Sensex Climbs 500 Points; Nifty Tops 15,550

RTTNews | 1541 days ago
Sensex Climbs 500 Points; Nifty Tops 15,550

(RTTNews) - Indian shares rose sharply in early trade on Thursday despite mixed global cues and the impending weekly F&O expiry.

Investors were also reacting to Federal Reserve Chair Jerome Powell's testimony in front of Congress and the minutes of the RBI's MPC meeting.

The S&P BSE Sensex climbed 500 points, or nearly 1 percent, to 52,319 while the broader NSE Nifty index was up 160 points, or 1 percent, at 15,573.

Automakers and banks were seeing big gains, with Maruti Suzuki India, Eicher Motors, ICICI Bank, Tata Motors and Hero MotoCorp rising 3-4 percent.

Bajaj Auto rallied 2 percent ahead of a board meet on June 27 to decide on share buyback proposal.

Vodafone Idea rose over 1 percent after raising Rs 436.21 crore from its U.K. parent.

ITC gained half a percent. The company said it would sell raw tobacco worth Rs. 1,990 crore to parent company British American Tobacco in 2022-23.

Allsec Technologies soared more than 6 percent on news it would merge with technology-enabled staffing and outsourcing services firm Quess Corp in an all-stock deal.

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Losing Streak May Continue For Thai Stock Market

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Japanese Market Sharply Lower

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Indonesia Stock Market Tipped To Open In The Red

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The Indonesia stock market has finished lower in two straight sessions, surrendering almost 100 points or 1.4 percent in that span. The Jakarta Composite Index now rests just beneath the 6,590-point plateau and it may continued selling pressure on Friday.
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No Help Yet For Hong Kong Stock Market

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RTTNews | 1h 54min ago
Australian Market Sharply Lower

Australian Market Sharply Lower

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RTTNews | 2h 1min ago
Soft Start Anticipated For China Stock Market

Soft Start Anticipated For China Stock Market

The China stock market on Thursday ended the three-day winning streak in which it had risen more than 20 points or 0.5 percent. The Shanghai Composite Index now sits just above the 3,930-point plateau and it's expected to see continued consolidation on Friday.
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Lower Open Called For Taiwan Stock Market

Lower Open Called For Taiwan Stock Market

The Taiwan stock market has finished lower in two of three trading days since the end of the two-day winning streak in which it had advanced almost 1,475 points or 3.5 percent. The Taiwan Stock Exchange now sits just above the 46,940-point plateau and it's looking at another soft start again on Friday.
RTTNews | 2h 39min ago