Sensex, Nifty End Little Changed Ahead Of Fed Chair's Speech

RTTNews | 130 days ago
Sensex, Nifty End Little Changed Ahead Of Fed Chair's Speech

(RTTNews) - Indian shares fluctuated before finishing on a flat note Friday as investors awaited Federal Reserve Chair Jerome Powell's eagerly anticipated Jackson Hole speech later in the day that could offer fresh insights on the central bank's interest rate cuts plans this year.

Powell may probably use the speech to prepare markets for a modest 25-bps rate cut in September, which is entirely priced in by markets.

Middle East tensions also remained on investors' radar as fighting raged on the ground in parts of Palestinian territory despite increased efforts by the U.S. to broker a ceasefire between Israel and Hamas.

The benchmark 30-share BSE Sensex ended the session up 33.02 points, or 0.04 percent, at 81,086.21 while the broader NSE Nifty index settled up 11.65 points, or 0.05 percent, at 24,823.15.

Bajaj Auto shares jumped 4.7 percent after the company became the first automotive (auto) original equipment manufacturer (OEM) to receive a domestic value addition (DVA) certificate for all 15 electric models.

Sun Pharma, Tata Motors, Bharti Airtel and Coal India rose 1-2 percent while Titan Company, Asian Paints, ONGC, Wipro and LTIMindtree all fell around 1 percent.

read more
Sensex, Nifty Seen Lower At Open

Sensex, Nifty Seen Lower At Open

Indian shares look set to open lower on Wednesday, the first trading session of New Year 2025, due to ongoing concerns about a firmer dollar and elevated U.S. Treasury yields.
RTTNews | 8h 34min ago
Dollar Extends Gains Against Major Counterparts

Dollar Extends Gains Against Major Counterparts

The U.S. dollar gained against its major counterparts on Tuesday, the final session of Year 2024, on strong year-end demand and amid bets the Federal Reserve will take a cautious approach with regard to interest rate cuts as economic policies under the upcoming Trump administration will likely stoke inflation.
RTTNews | 13h 30min ago
U.S. Dollar Strengthens Against Majors

U.S. Dollar Strengthens Against Majors

The U.S. dollar advanced against its major counterparts in the New York session on Tuesday amid indications of a hawkish Federal Reserve heading into 2025.
RTTNews | 15h 47min ago
European Stocks Close Higher

European Stocks Close Higher

uropean stocks closed a shortened trading session on Tuesday on a positive note with investors largely making cautious moves amid a lack of prominent triggers. he markets in Germany and Switzerland remained closed for Christmas Eve.
RTTNews | 20h 12min ago
Elon Musk Changes X Account Name To Kekius Maximus

Elon Musk Changes X Account Name To Kekius Maximus

Billionaire Elon Musk has changed his name on his social media platform X, formerly Twitter, to Kekius Maximus. His profile picture has also been replaced with the popular meme Pepe the Frog, dressed up as a warrior holding a video game joystick. In a post on X, Musk said, "Kekius Maximus will soon reach level 80 in hardcore PoE."
RTTNews | 21h 3min ago