Indian Shares Climb As Financials Surge

RTTNews | 853 days ago
Indian Shares Climb As Financials Surge

(RTTNews) - Indian shares opened on a bright note Tuesday in the wake of positive cues from global markets.

The benchmark S&P/BSE Sensex inched up 360 points, or 0.6 percent, to 60,475 in early trade, while the broader NSE Nifty index was up 109 points, or 0.6 percent, at 18,045.

Financials led the surge, with Bajaj Finance, HDFC Life, SBI Life and Bajaj FinServ climbing 2-5 percent.

BPCL, HPCL and IOC were flat to slightly lower despite news the government may offer Rs. 20,000 crore lifeline to the companies for absorbing record international crude price.

Vedanta added 1.4 percent after reports that it has selected Gujarat for its semiconductor project.

Ujjivan Small Finance Bank tumbled 2.8 percent after launching its QIP issue.

Tata Consultancy Services edged up slightly. C&S Wholesale Grocers, Inc, has selected the Indian IT giant to build its new operations platform on Google Cloud.

Gujarat Apollo Industries soared 20 percent after it entered into a joint venture agreement with Belgium-based PFH BV.

JSW Steel gained 0.6 percent after reporting a 22 percent year-on-year jump in crude steel production in August.

read more
Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Monday.
RTTNews | 5h 11min ago
Sensex, Nifty Extending Losses To 4th Straight Day

Sensex, Nifty Extending Losses To 4th Straight Day

Indian shares are down in negative territory Monday morning, weighed down by concerns the Federal Reserve will likely hold interest rates at current levels for longer after data showed a much bigger than expected increase in U.S. non-farm payroll employment in the month of December.
RTTNews | 6h 5min ago
China Exports Log Stronger-Than-Expected Growth

China Exports Log Stronger-Than-Expected Growth

China's exports registered a stronger-than-expected growth in December and the trade surplus hit a record high in 2024 ahead of US President-elect Donald Trump take office next week. Data from the General Administration of Customs on Monday showed that exports advanced 10.7 percent on a yearly basis in December.
RTTNews | 6h 23min ago
European Markets Seen Opening Weak

European Markets Seen Opening Weak

Stock markets in Europe are expected to open on a negative note on Monday amidst caution ahead of the release of CPI numbers from the U.S. on Wednesday.
RTTNews | 6h 30min ago
Frozen Chicken & Cheese Taquitos Sold At ALDI Stores Recalled

Frozen Chicken & Cheese Taquitos Sold At ALDI Stores Recalled

Valencia, California-based Bestway Sandwiches Inc. has called back around 24,870 pounds of frozen chicken and cheese taquito products citing the potential to be contaminated with foreign material, specifically metal, according to the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS.
RTTNews | 7h 22min ago
Asian Markets A Sea Of Red

Asian Markets A Sea Of Red

Asian stock markets are a sea of red on Monday, following the broadly negative cues from Wall Street on Friday, as stronger than expected US employment data weighed heavily on the outlook for interest rates. It raised concerns the US Fed will likely hold interest rates at current levels or slow down the pace of reductions. Rising bond yields also hurt. Asian markets closed mostly lower on Friday.
RTTNews | 9h 15min ago
Indian Shares Likely To Open Lower On Weak Global Cues

Indian Shares Likely To Open Lower On Weak Global Cues

Lower GIFT Nifty futures, and weak global cues amid uncertainty about the outlook for interest rate cuts by the Federal Reserve following upbeat non-farm payroll data point to a negative start for Indian shares on Monday.
RTTNews | 9h 22min ago
Australian Market Drifts Further Lower In Mid-market

Australian Market Drifts Further Lower In Mid-market

The Australian stock market is drifting further lower in mid-market trading on Monday, also adding to the losses in the previous two sessions, with the benchmark S&P/ASX 200 index falling well below the 8,200.00 level, with weakness in financial and technology stocks, partially offset by gains in mining and energy stocks amid spiking commodity prices.
RTTNews | 9h 50min ago