Sensex, Nifty Give Up Early Gains

RTTNews | 106 일 전
Sensex, Nifty Give Up Early Gains

(RTTNews) - Indian shares ended marginally higher on Tuesday, giving up early gains.

While investors cheered more dovish tones from Fed Chair Jerome Powell in his speech on Monday, apprehensions about a second Trump presidency and its implications for U.S. foreign policy prompted traders to book profits at higher levels.

With the odds for a Trump presidency increasing following an assassination attempt at his rally, markets grappled with the concept of the "Trump Trade," which implies deregulation, tax cuts, and increased fiscal spending.

A weaker dollar on U.S. rate cut optimism and weakening oil prices on Chinese demand concerns helped to limit losses, if any, in the broader market.

The benchmark S&P BSE Sensex hit an intraday high of 80,898 before closing up 52 points at 80,717.

The broader NSE Nifty index closed up 26 points at 24,613 after reaching a high of 24,661 early in the day.

Bharti Airtel, Tata Consumer Products, Hindustan Unilever, BPCL and Coal India climbed 2-3 percent in the Nifty pack while NTPC, Reliance Industries, Dr Reddy's Laboratories, Kotak Mahindra Bank and Shriram Finance fell 1-2 percent.

read more
U.S. Private Sector Employment Surges By 233,000 Jobs In October, Much More Than Expected

U.S. Private Sector Employment Surges By 233,000 Jobs In October, Much More Than Expected

Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. shot up by much more than anticipated in the month of October. ADP said private sector employment surged by 233,000 jobs in October after jumping by an upwardly revised 159,000 jobs in September. Economists had expected private sector employment to climb by 115,000 jobs.
RTTNews | 4 시간 31 분 전
Bay Street Likely To Open On Mixed Note

Bay Street Likely To Open On Mixed Note

Canadian shares are likely to open on a mixed note Wednesday morning, reacting to corporate earnings updates and key economic data from the U.S. Energy stocks may move up on firm crude oil prices.
RTTNews | 4 시간 53 분 전
German Economy Avoids Recession In Q3

German Economy Avoids Recession In Q3

The German economy avoided a technical recession in the third quarter, thanks to household and government consumption, preliminary estimate from Destatis showed Wednesday. Gross domestic product grew 0.2 percent from a quarter ago, confounding expectations for a contraction of 0.1 percent. However, the statistical office downwardly revised the fall for the second quarter to 0.3 percent from 0.1 p
RTTNews | 5 시간 10 분 전
Pound Falls Ahead Of U.K. Autumn Budget Statement

Pound Falls Ahead Of U.K. Autumn Budget Statement

The British pound weakened against other major currencies in the European session on Wednesday, as traders await the U.K. budget declaration, where the Labour administration is anticipated to increase taxes and expenditure.
RTTNews | 5 시간 44 분 전
Pound Falls Against Majors

Pound Falls Against Majors

The British pound weakened against other major currencies in the European session on Wednesday.
RTTNews | 6 시간 6 분 전
Euro Rises As German Economy Expands Unexpectedly

Euro Rises As German Economy Expands Unexpectedly

The euro strengthened against other major currencies in the European session on Wednesday, after the German economy expanded unexpected in the third quarter, underpinned by household and government consumption.
RTTNews | 6 시간 36 분 전