Sensex, Nifty Edge Higher In Early Trade

RTTNews | 1526 days ago
Sensex, Nifty Edge Higher In Early Trade

(RTTNews) - Indian shares opened higher on Friday to extend gains for a third day running amid renewed China stimulus expectations and hopes for a soft landing for the U.S. economy.

The benchmark S&P BSE Sensex rose 290 points, or half a percent, to 54,469 in early trade, while the broader NSE Nifty index was up 92 points, or 0.6 percent, at 16,225.

Among the top gainers, Grasim, Axis Bank, Coal India and Larsen & Toubro rallied 2-4 percent.

Mahindra & Mahindra advanced 1.5 percent. British International Investment is investing Rs 1,925 crore or $250 million into a new electric passenger vehicle company to be set up by the company.

Tata Power rose 0.6 percent after it announced plans to spend Rs. 75,000 crore in five years on renewables.

TCS edged up slightly ahead of its earnings release.

Shriram City Union Finance fell about 1 percent after it received approval from equity shareholders and creditors for its merger with Shriram Transport Finance Company.

Dr Reddy's Laboratories was little changed. The U.S. FDA has issued Form 483 with two observations after inspection of its manufacturing facility in Srikakulam, A.P. Bank of Baroda traded flat on fund raising reports.

read more
Australian Market Extends Early Strong Losses In Mid-market

Australian Market Extends Early Strong Losses In Mid-market

The Australian stock market is extending its early strong losses in mid-market moves on Friday, adding to the losses in the previous three sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,700 level, with weakness in mining and technology stocks partially offset by gains in financial and energy stocks.
RTTNews | 40 minutes ago
Asian Markets Sink Amid Inflationary Risks

Asian Markets Sink Amid Inflationary Risks

Asian markets are mostly lower on Friday, following the negative cues from Wall Street overnight, as crude oil soars past $100 a barrel for the first time since May amid concerns of a prolonged war between the U.S. and Iran. Surging crude oil prices and treasury yields have added to concerns about inflation risks and the outlook for interest rates ahead of the US Fed's monetary policy meeting.
RTTNews | 59 minutes ago
Losing Streak May Continue For Thai Stock Market

Losing Streak May Continue For Thai Stock Market

The Thai stock market has moved lower in back-to-back sessions, sinking more than 5 points or 0.3 percent along the way. The Stock Exchange of Thailand now sits just above the 1,615-point plateau and it's tipped to open under water again on Friday.
RTTNews | 2h 8min ago
Japanese Market Sharply Lower

Japanese Market Sharply Lower

The Japanese market is trading sharply lower on Friday, reversing the gains in the previous session, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling below the 63,550 level, with weakness in index heavyweights, exporters and technology stocks partially offset by gains in automakers.
RTTNews | 2h 30min ago
Indonesia Stock Market Tipped To Open In The Red

Indonesia Stock Market Tipped To Open In The Red

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.
RTTNews | 2h 38min ago
No Help Yet For Hong Kong Stock Market

No Help Yet For Hong Kong Stock Market

The Hong Kong stock market has moved lower in three straight sessions, sliding more than 650 points or 2.6 percent along the way. The Hang Seg Index now sits just above the 24,950-point plateau and it's likely to extend its losses on Friday.
RTTNews | 2h 53min ago
Australian Market Sharply Lower

Australian Market Sharply Lower

The Australian stock market is trading sharply lower on Friday, extending the losses in the previous three sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,750 level, with weakness in mining and technology stocks partially offset by gains in financial and energy stocks.
RTTNews | 2h 59min ago