Sensex, Nifty End Slightly Higher; Pharma Stocks Top Gainers

RTTNews | 64 days ago
Stocktwits
Sensex, Nifty End Slightly Higher; Pharma Stocks Top Gainers

(RTTNews) - Indian shares ended a choppy session slightly higher on Wednesday, tracking mixed cues from global markets.

A cautious undertone prevailed ahead of the release of the Federal Reserve's July meeting minutes and preliminary revisions to U.S. labor data later in the day that could provide greater clarity on monetary policy easing.

Investors also braced for Fed Chair Jerome Powell's upcoming keynote speech at the Kansas City Fed's Jackson Hole economic symposium on Friday.

Experts anticipate Powell will hint at a 25-bps rate cut in September, but caution that decisions will remain data-dependent.

The benchmark S&P/BSE Sensex moved in a narrow range before closing up 102.44 points, or 0.13 percent, at 80,905.30. The broader NSE Nifty index settled up 71.35 points, or 0.29 percent, at 24,770.20.

Healthcare stocks topped the gainers list, with Cipla and Divis Laboratories rallying 2 percent and 3.7 percent, respectively.

Among other prominent gainers, Grasim, SBI Life and Titan Company all rose around 2 percent.

On the flip side, Power Grid Corp, UltraTech, Tata Steel and Tech Mahindra fell around 1 percent each.

Stocktwits
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Hong Kong Bourse May Reverse Thursday's Losses

Hong Kong Bourse May Reverse Thursday's Losses

The Hong Kong stock market on Thursday snapped the two-day winning streak in which it had advanced more than 280 points or 1.4 percent. The Hang Seng Index now sits just beneath the 20,490-point plateau although it's expected to open to the upside on Friday.
RTTNews | 4h 17min ago
Rebound Anticipated For China Stock Market

Rebound Anticipated For China Stock Market

The China stock market on Thursday snapped the four-day winning streak in which it had rallied more than 135 points or 4 percent. The Shanghai Composite now sits just above the 3,280-point plateau although it's likely to bounce higher again on Friday.
RTTNews | 4h 32min ago
Taiwan Stock Market Due For Support On Friday

Taiwan Stock Market Due For Support On Friday

The Taiwan stock market has moved lower in three straight sessions, shedding almost 350 points or 1.5 percent along the way. The Taiwan Stock Exchange now rests just beneath the 23,200-point plateau although it may stop the bleeding on Friday.
RTTNews | 5h 2min ago
Singapore Shares May Tick Higher Again On Friday

Singapore Shares May Tick Higher Again On Friday

The Singapore stock market has moved higher in two straight sessions, gathering almost 20 points or 0.6 percent along the way. The Straits Times Index now sits just above the 3,600-point plateau and it may add to its winnings on Friday.
RTTNews | 5h 32min ago
Malaysia Bourse May Halt Losing Streak On Friday

Malaysia Bourse May Halt Losing Streak On Friday

The Malaysia stock market has moved lower in four straight sessions, slipping almost 15 points or 0.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,630-point plateau although it's due for support on Friday.
RTTNews | 6h 2min ago
Tech Shares May Boost South Korea Stock Market

Tech Shares May Boost South Korea Stock Market

The South Korea stock market has alternated between positive and negative finishes through the last four trading days since the end of the three-day slide in which it had slumped almost 40 points or 1.6 percent. The KOSPI now sits just above the 2,580-point plateau and it's likely to tick higher again on Friday.
RTTNews | 6h 32min ago
Tokyo Inflation Data Due On Friday

Tokyo Inflation Data Due On Friday

Japan will on Thursday release October figures for Tokyo-are inflation, highlighting a modest day for Asia-Pacific economic activity. In September, overall Tokyo inflation was up 2.2 percent on year, while core CPI rose an annual 2.0 percent.
RTTNews | 7h 32min ago
TSX Ends Marginally Down

TSX Ends Marginally Down

The Canadian market ended marginally down on Thursday with investors digesting a slew of earnings updates and largely looking to trim down commitments amid uncertainty about the outcome of U.S. presidential election, and persisting worries about Middle East tensions.
RTTNews | 7h 39min ago
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