Sensex, Nifty Modestly Higher In Early Trade; FMCG Stocks Decline

RTTNews | Před 1 dnem
Sensex, Nifty Modestly Higher In Early Trade; FMCG Stocks Decline

(RTTNews) - Indian shares were modestly higher on Wednesday, tracking firm cues from global markets and amid hopes for a rate cut by the RBI next week.

The benchmark S&P/BSE Sensex was up 230 points, or 0.3 percent, at 76,132 in early trade while the broader NSE Nifty index edged up by 84 points, or 0.4 percent, to 23,041.

Bajaj Auto jumped 3.7 percent and TVS Motor soared nearly 7 percent after posting better-than-expected results for the October-December quarter.

BEL, Shriram Finance, Tech Mahindra and Trent all rose around 2 percent while FMCG stocks such as Nestle India, Britannia Industries, Hindustan Unilever and Tata Consumer Products fell between half a percent and 1 percent.

Hyundai Motor edged up slightly despite reporting a 19 percent fall in its Q3 net profit.

Hindustan Zinc advanced 1.5 percent after putting demerger plans on hold.

read more
U.S. Dollar Falls As Economic Growth Slows More Than Expected

U.S. Dollar Falls As Economic Growth Slows More Than Expected

The U.S. dollar declined against its most major counterparts in the New York session on Thursday, after a data showed that the nation's economic growth fell short of economist estimates in the fourth quarter of 2024.
RTTNews | Před 6 h 4 min
TSX Rises To Record High On All-round Buying

TSX Rises To Record High On All-round Buying

The Canadian market is up firmly in positive territory a little before noon on Thursday with stocks from several sectors moving higher on strong buying support. Mining stocks are up sharply following a notable increase in metal prices, and technology stocks are gaining in strength, tracking impressive earnings updates from a few big name U.S. tech companies.
RTTNews | Před 7 h 2 min
U.S. Pending Home Sales Unexpectedly Pull Back Sharply In December

U.S. Pending Home Sales Unexpectedly Pull Back Sharply In December

After reporting four straight monthly increases by U.S. pending home sales, the National Association of Realtors released a report on Thursday showing pending home sales unexpectedly pulled back sharply in the month of December. NAR said its pending home sales index plunged by 5.5 percent to 74.2 in December after jumping by 1.6 percent to a downwardly revised 78.5 in November.
RTTNews | Před 8 h 19 min
U.S. Economic Growth Slows More Than Expected In Q4

U.S. Economic Growth Slows More Than Expected In Q4

U.S. economic growth in the fourth quarter of 2024 fell short of economist estimates, according to a report released by the Commerce Department on Thursday. The report said gross domestic product shot up by 2.3 percent in the fourth quarter after surging by 3.1 percent in the third quarter. Economists had expected GDP to jump by 2.6 percent.
RTTNews | Před 8 h 46 min
U.S. Jobless Claims Dip More Than Expected To 207,000

U.S. Jobless Claims Dip More Than Expected To 207,000

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits pulled back by more than expected in the week ended January 25th. The Labor Department said initial jobless claims fell to 207,000, a decrease of 16,000 from the previous week's unrevised level of 223,000. Economists had expected jobless claims to slip to 220,000.
RTTNews | Před 9 h 1 min
U.S. Weekly Jobless Claims Dip More Than Expected

U.S. Weekly Jobless Claims Dip More Than Expected

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits pulled back by more than expected in the week ended January 25th.
RTTNews | Před 10 h 19 min