Indian Shares Extend Gains For Fourth Day; FMCG & Financials Lead

RTTNews | 853日前
Indian Shares Extend Gains For Fourth Day; FMCG & Financials Lead

(RTTNews) - Indian shares rose for a fourth straight session on Tuesday, with key benchmark indexes hitting five-month highs led by financials and FMCG firms.

Underlying sentiment was supported by firm global cues amid hopes for a softer U.S. inflation reading.

The U.S. inflation due out later in the day is expected to show a continued slowdown in the annual rate of consumer price growth to 8.1 percent in August from 8.5 percent in July.

With FIIs coming back strongly and the dollar weakening in international markets, the rupee held at over one-month high in the afternoon.

The benchmark S&P/BSE Sensex climbed 455.95 points, or 0.76 percent to settle at 60,571.08 while the broader NSE Nifty index closed at 18,070.05, up 13.70 points, or 0.75 percent, from its previous close.

Bajaj FinServ topped the gainers list to surge 4.7 percent while Bharti Airtel, Britannia Industries, IndusInd Bank and Tata Consumer Products rallied 2-3 percent. ITC rose nearly 1 percent to new 52-week high of Rs 335 a share on NSE.

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 | 5時10分前
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 | 6時4分前
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 | 6時22分前
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 | 6時29分前
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 | 7時21分前
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 | 9時14分前
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 | 9時20分前
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 | 9時49分前