Sensex, Nifty Remain In Positive Territory Despite Coming Off Higher Levels

RTTNews | 155 hari yang lalu

(RTTNews) - The Indian market remains fairly well placed in positive territory Thursday afternoon despite coming a long way down from the day's high.

Investors are awaiting the Reserve Bank of India's monetary policy announcement on Friday. The apex bank is widely expected to hold the repo rate unchanged at 6.5%.

The BSE benchmark Sensex, which surged to 75,297.73, gaining more than 900 points in the process, was up 400.62 poibts or 0.54% at 74,782.86 a little while ago.

The National Stock Exchange's Nifty50 was up 117.55 points or 0.52% at 22,737.90, well off a high of 22,910.15 it touched earlier in the session.

Technology stocks are up with strong gains. PSU bank major State Bank of India (up 3.75%) is contributing significantly to market's gains.

In a filing to the stock exchange, State Bank of India said that its board will meet on June 11 to consider raising up to $3 billion through foreign currency bonds issued abroad.

IT majors Infosys, HCL Technologies and Tech Mahindra are up 2.5%, 3.5% and 3.4%, respectively. Wipro is gaining 1.6% and Tata Consultancy Services is up 1.4%.

NTPC is up 2.7%, Larsen & Toubro is gaining 2.1% and Tata Steel is up with a gain of 1.8%. Power Grid Corporation, Bajaj Finance, Maruti Suzuki and ITC are gaining 1 to 1.5%. Tata Motors, Reliance Industries and Kotak Bank are modestly higher.

Adani group shares are up on bargain hunting and short-covering after the setback in the previous session. These stocks rose sharply on Tuesday after Exit Polls predicted a huge victory of the NDA alliance. However, with eventual results turning out to be not so impressive for the alliance, Adani group stocks took a severe beating on Wednesday.

Adani Enterprises is up 2.5%. Adani Energy Solutions is gaining 5.5%. Adani Green Energy is up 2.5%, Adani Power is gaining 4.7%, Adani Total Gas is up 4.2% and Adani Wilmar is up with a gain of 2.3%.

Hindustan Unilever, M&M, Asian Paints, Nestle, Sun Pharmaceuticals and IndusInd Bank are down 1 to 2.3%.

European Shares Seen Up With Eyes On Beijing Stimulus

European stocks may edge higher at open on Friday as investors await details of China's forthcoming stimulus at the conclusion of a week-long session of China's top legislative body, the National People's Congress (NPC) Standing Committee, later in the day.

RTTNews | 5j 17min yang lalu

Sensex, Nifty Subdued; IT Stocks Bounce Back

Indian shares were moving in a narrow range on Friday despite positive cues from global markets after the Federal Reserve and the Bank of England cut interest rates as expected.

RTTNews | 6j 45min yang lalu

Asian Markets Mostly Higher After Fed Rate Cut

Asian stock markets are trading mostly higher on Friday, following the mixed cues from Wall Street overnight, after the US Fed delivered the widely expected decision to lower interest rates by a quarter point and signaled no intention to skip cutting rates. The Bank of England also cut interest rates. Asian markets ended mixed on Thursday.

RTTNews | 7j 41min yang lalu

Sensex, Nifty Seen Tad Higher At Open

Indian shares may open a tad higher on Friday, tracking firm cues from global markets. That said, volatility cannot be ruled out due to concerns about Trump policies and caution ahead of earnings results from prominent companies, including SBI, LIC and Tata Motors.

RTTNews | 8j 33min yang lalu

Japanese Market Notably Higher

Reversing the losses in the previous session, the Japanese stock market is notably higher on Friday, following the mixed cues from Wall Street overnight. The benchmark Nikkei 225 is moving above the 39,500 level, with gains in index heavyweights and exporter stocks.

RTTNews | 8j 48min yang lalu

Thai Bourse Tipped To Open To The Upside

The Thai stock market has moved higher in two of tree trading days since the end of the two-day slide in which it had eased just over 3 points or 0.2 percent. The Stock Exchange of Thailand now sits just beneath the 1,470-point plateau and it may see additional support on Friday.

RTTNews | 9j 5min yang lalu

Indonesia Stock Market May Halt Losing Streak

The Indonesia stock market has moved lower in back-to-back sessions, stumbling almost 250 points or 3.3 percent along the way. The Jakarta Composite Index now rests just above the 7,240-point plateau although it may stop the bleeding on Friday.

RTTNews | 9j 35min yang lalu

Australian Market Significantly Higher

The Australian stock market is significantly higher on Friday, adding to the gains in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,300 level, with gains across most sectors led by mining and technology stocks. Energy stocks were the only weak spot.

RTTNews | 9j 39min yang lalu

EURUSD	1.07824	GBPUSD	1.29725	AUDUSD	0.66543
USDJPY	152.819	USDCAD	1.3879	USDCHF	0.87298