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Sensex, Nifty Modestly Higher As IT Stocks Surge

RTTNews | 60 days ago

Sensex, Nifty Modestly Higher As IT Stocks Surge

(RTTNews) - Indian shares were modestly higher in early trade on Tuesday after suffering heavy losses in the previous session on apprehensions that a plausible increase in Yen interest rate can reduce cross country investments in equity.

The benchmark 30-share BSE Sensex was up 127 points, or 0.2 percent, at 84,426 in cautious trade ahead of a market holiday on Wednesday on account of Gandhi Jayanti.

Investors were also reacting to a SEBI meeting outcome, a slew of domestic economic data and heightened tensions in the Middle East.

The broader NSE Nifty index was up 24 points, or 0.1 percent, at 25,835, with IT stocks such as Wipro, Infosys and Tech Mahindra rallying 1-3 percent.

Shriram Finance and Mahindra & Mahindra both rose over 1 percent while Eicher Motor, JSW Steel, Tata Steel, Titan Company and Asian Paints fell 1-2 percent.

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TSX Hits New Record High Again, Ends 0.41% Up

TSX Hits New Record High Again, Ends 0.41% Up

The Canadian market posted a record closing high for the third consecutive day as technology stocks climbed higher on strong buying interest on Friday.

RTTNews | 11h 25min ago

Dollar Drifts Lower Against Major Currencies

Dollar Drifts Lower Against Major Currencies

The U.S. dollar shed ground against its major counterparts on Friday as the yield on long-term Treasury Notes dropped. Also, with investors choosing to pick up riskier assets such as equities, the dollar struggled for support almost right through the day's session.

RTTNews | 12h 47min ago

India GDP Growth Slowest In 7 Quarters On Weak Manufacturing

India GDP Growth Slowest In 7 Quarters On Weak Manufacturing

The Indian economy expanded at the slowest pace in seven quarters during the three months to September as the stronger performance of the services sector was offset by the sluggishness in manufacturing and mining industries, preliminary data from the statistics ministry showed on Friday.

RTTNews | 13h 9min ago

Swiss Market Ends Higher After Choppy Session

Swiss Market Ends Higher After Choppy Session

The Switzerland market closed on a positive note on Friday after a choppy session, as investors assessed the region's economic data and continued to closely follow the developments on the geopolitical front.

RTTNews | 16h 10min ago

European Markets Close On Firm Note

European Markets Close On Firm Note

European stocks closed higher on Friday amid expectations of further rate cuts by central banks despite data showing an acceleration in eurozone inflation. Investors also digested French GDP data and Germany's retails sales and unemployment data.

RTTNews | 16h 28min ago

Canadian Market Continues To Climb Higher; TSX Up Modestly At Noon

Canadian Market Continues To Climb Higher; TSX Up Modestly At Noon

The Canadian market has moved on to a new record high on Friday, lifted by gains in technology, industrials and materials sectors, as investors continue to remain optimistic about more interest rate reductions by the central bank.

RTTNews | 17h 16min ago

Eurozone Inflation Accelerates To 2.3%

Eurozone Inflation Accelerates To 2.3%

Euro area inflation climbed for a second straight month in November, while the core figure was unchanged, making way for a cautious interest rate cut by the European Central Bank next month.

RTTNews | 18h 34min ago

Pound Weakens Despite BoE's Slower Rate Cut Prospects

Pound Weakens Despite BoE's Slower Rate Cut Prospects

The pound was lower against its major counterparts in the New York session on Friday, as the U.S. dollar rebounded after the Thanksgiving holiday.

RTTNews | 18h 34min ago

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