Sensex, Nifty Open Higher On Fed Optimism

RTTNews | 1166 days ago
Sensex, Nifty Open Higher On Fed Optimism

(RTTNews) - Indian shares traded higher in early trade on Thursday, as optimism about the Federal Reserve ending its interest rate hikes outweighed mixed macroeconomic data and muted earnings from IT majors.

The benchmark S&P/BSE Sensex was up 455 points, or 0.7 percent, at 65,849 while the broader NSE Nifty index was up 128 points, or 0.7 percent, at 19,512.

Hindalco rallied 2.5 percent after its board approved a proposal to sell land situated in Maharashtra.

Hero MotoCorp, LTMindTree and HDFC Life were up 1-2 percent.

TCS rose 1.6 percent while HCL Technologies fell 1.5 percent after delivering muted June quarter earnings.

SpiceJet jumped 3.4 percent on news its promoter Ajay Singh will infuse Rs 500 crore into the airline by way of subscribing fresh equity shares and/or convertible instruments.

Patanjali Foods slumped 5 percent after launching an offer for sale by one of its promoters.

Delta Corp fell about 1 percent after plunging 23 percent in the previous session as Revenue Secretary Sanjay Malhotra ruled out any move for a review or roll-back of a 28 percent levy on online gaming firms.

Prestige Estates Projects declined 2.3 percent despite reporting a 30 percent increase in June quarter sale.

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Australian Market Trims Early Losses In Mid-market

Australian Market Trims Early Losses In Mid-market

The Australian stock market is trimming its early losses in mid-market trading on Monday, extending the slight losses in the previous session, following the mixed cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling well below the 8,750.00 level, with weakness in mining stocks partially offset by gains in financial stocks. Most other sectors were mixed.
RTTNews | 4h 58min ago
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Monday, following the mixed cues from Wall Street on Friday, as crude oil prices continued to fall amid signs of increased diplomatic efforts to resolve the conflict and restore energy flows in the Middle East, easing concerns over global inflation and the prospect of further interest rate hikes. Asian markets closed mostly higher on Friday.
RTTNews | 5h 3min ago
Indian Shares Set For Cautious Open

Indian Shares Set For Cautious Open

Indian shares may open flat to slightly lower on Monday despite gains elsewhere across Asia and higher U.S. equity futures as oil prices fell for a fourth day amid ongoing diplomatic efforts to end the U.S.-Iran conflict.
RTTNews | 5h 31min ago
Rally May Stall For Thai Stock Market

Rally May Stall For Thai Stock Market

The Thai stock market has moved higher in back-to-back sessions, collecting more than 20 points or 1.4 percent in that span. The Stock Exchange of Thailand now sits just above the 1,580-point plateau although it may ebb on Monday.
RTTNews | 6h 17min ago
Indonesia Stock Market Has Flat Lead For Monday

Indonesia Stock Market Has Flat Lead For Monday

The Indonesia stock market headed south again on Friday, one day after halting the six-day losing streak in which it had tumbled more than 250 points or 3.8 percent. The Jakarta Composite Index now sits just above the 6,440-point plateau and it figures to see little movement again on Monday.
RTTNews | 6h 47min ago
Australian Markets Slightly Lower

Australian Markets Slightly Lower

The Australian stock market is slightly lower on Monday, extending the slight losses in the previous session, following the mixed cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling well below the 8,750.00 level, with weakness in mining stocks and a mixed performance in most other sectors.
RTTNews | 6h 53min ago