Sensex, Nifty Rally On Firm Global Cues

RTTNews | 146 일 전
Sensex, Nifty Rally On Firm Global Cues

(RTTNews) - Indian shares were sharply higher in early trade on Friday as the latest weekly jobless claims data came in below forecasts, boosting investors' confidence in the U.S. economy.

The benchmark S&P/BSE Sensex jumped 830 points, or 1.1 percent, to 79,715 while the broader NSE Nifty index was up 240 points, or 1 percent, at 24,358.

Eicher Motors surged 4.2 percent on reporting a 20 percent rise in Q1 net profit. Tata Motors, Grasim, Mahindra & Mahindra and ONGC surged 2-3 percent.

LIC gained 1 percent as it posted 9 percent growth in quarterly net profit.

ABB India rallied 3.4 percent after quarterly profit jumped 50 percent year-on-year. Sobha climbed 2.3 percent despite Q1 consolidated net profit falling 50 percent on low revenue.

Vedanta advanced 1.2 percent after reportedly putting a plan to sell its steel business on hold.

SAIL declined 1.5 percent and Rail Vikas Nigam tumbled 3.6 percent after posting disappointing quarterly results.

IRCON International dropped 1.1 percent on reporting lower revenue in the first quarter.

read more
U.S. Dollar Advances As Weekly Jobless Claims Drop To Eight-month Low

U.S. Dollar Advances As Weekly Jobless Claims Drop To Eight-month Low

The U.S. dollar rose against its major counterparts in the New York session on Thursday, as the nation's jobless claims came in below economists' forecasts last week, supporting expectations that the Federal Reserve will slow the pace of rate cuts going forward.
RTTNews | 7 시간 20 분 전
Canadian Market Remains Firm Despite Coming Off Early Highs

Canadian Market Remains Firm Despite Coming Off Early Highs

The Canadian market remains firmly placed in positive territory Thursday afternoon despite paring a significant portion of early gains. Materials and energy stocks have moved higher thanks to firm commodity prices. Encouraging manufacturing activity data is aiding sentiment.
RTTNews | 7 시간 25 분 전
European Stocks Close First Trading Session Of New Year On Bright Note

European Stocks Close First Trading Session Of New Year On Bright Note

European stocks shrugged off early weakness and closed on a positive note on Thursday, the first trading session in 2025, despite data showing a sharp contraction in manufacturing activity in most of the major economies in the region in the month of December, persisting concerns on the geopolitical front.
RTTNews | 9 시간 10 분 전
U.S. Construction Spending Unexpectedly Flat In November

U.S. Construction Spending Unexpectedly Flat In November

With an uptick by spending on private construction offset by a dip in spending on public construction, the Commerce Department released a report on Thursday showing U.S. construction spending was virtually unchanged in the month of November. The Commerce Department construction spending crept up by less than a tenth of a percent to an annual rate of $2.153 trillion in November.
RTTNews | 11 시간 46 분 전
U.S. Weekly Jobless Claims Unexpectedly Dip To Eight-Month Low

U.S. Weekly Jobless Claims Unexpectedly Dip To Eight-Month Low

First-time claims for U.S. unemployment benefits unexpectedly edged lower in the week ended December 28th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims slipped to 211,000, a decrease of 9,000 from the previous week's revised level of 220,000.
RTTNews | 12 시간 38 분 전