Sensex, Nifty End Higher As Financials Rally

RTTNews | hace 678
Stocktwits
Sensex, Nifty End Higher As Financials Rally

(RTTNews) - Indian shares rose notably on Thursday as falling oil prices and gains in rupee offset weak global cues.

Global cues were sluggish following weak China data and mixed signals from the U.S. Federal Reserve on rate-hike plans.

Closer home, a survey showed India's service sector activity increased significantly in April to reach its highest level in over a decade, underpinned by strong demand conditions.

The benchmark S&P BSE Sensex jumped 555.95 points, or 0.91 percent, to 61,749.25 while the broader NSE Nifty index settled 165.95 points, or 0.92 percent, higher at 18,255.80.

Adani Enterprises soared 4.7 percent to top the gainers list after its Q4 profit more than doubled.

Mortgage lender HDFC rallied 2.7 percent on reporting a 20 percent increase in quarterly profit.

HDFC Bank, SBI Life and Bajaj Finance jumped 2-3 percent while UPL and IndusInd Bank ended down over 1 percent each.

The rupee was firm in the afternoon and gold prices were little changed while oil prices rose about 1 percent, snapping a three-day rout on concerns over interest-rate increases and an impending recession in the United States.

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Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Thursday, following the mixed cues from Wall Street overnight, and amid some optimism about the US Fed resuming interest rate cuts in the near future after a report showed consumer prices in the U.S. came in tamer-than-expected in February. However, concerns about the impact of the ongoing trade war continue to weigh on the markets.
RTTNews | hace 4h 10min
Thai Shares May Bounce Higher Again On Thursday

Thai Shares May Bounce Higher Again On Thursday

The Thai stock market has alternated between positive and negative finishes through the last eight trading days since the end of the two-day slide in which it had tumbled almost 40 points or 3.2 percent. The Stock Exchange of Thailand now sits just above the 1,160-point plateau although it figures to rebound again on Thursday.
RTTNews | hace 5h 54min
Higher Open Called For Indonesia Stock Market

Higher Open Called For Indonesia Stock Market

The Indonesia stock market on Wednesday snapped the two-day slide in which it had dropped almost 85 points or 1.3 percent. The Jakarta Composite Index now sits just above the 6,665-point plateau and it figures to see continued strength on Thursday.
RTTNews | hace 6h 24min
Japanese Market Significantly Higher

Japanese Market Significantly Higher

The Japanese stock market is trading significantly higher on Thursday, extending the slight gains in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is moving above the 37,200 level, with gains across most sectors led by exporters, technology and financial stocks.
RTTNews | hace 6h 30min
Hong Kong Shares Poised To End Losing Streak

Hong Kong Shares Poised To End Losing Streak

The Hong Kong stock market has moved lower in four straight trading days, stumbling almost 780 points or 3.4 percent along the way. The Hang Seng Index now rests just above the 23,600-point plateau although it's due for support on Thursday.
RTTNews | hace 6h 39min
Rebound Predicted For China Stock Market

Rebound Predicted For China Stock Market

The China stock market headed south again on Wednesday, one day after ending the two-day slide in which it had dipped almost 15 points or 0.5 percent. The SCI now sits just above the 3,370-point plateau although it's expected to bounce higher again on Thursday.
RTTNews | hace 6h 54min
Australian Market Modestly Higher

Australian Market Modestly Higher

The Australian stock market is trading modestly higher on Thursday, recouping some of the losses in the previous three sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 7,800 level, with gains in gold miners and technology stocks as some traders picked up stocks at a bargain after the recent slump in the markets.
RTTNews | hace 6h 55min
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