Sensex, Nifty Finish Modestly Higher Despite Weak Global Cues

RTTNews | 817 days ago
Sensex, Nifty Finish Modestly Higher Despite Weak Global Cues

(RTTNews) - Indian shares eked out modest gains on Friday despite sluggish cues from other Asian and European markets. Falling oil prices and a stable rupee offered some support in an otherwise lackluster session.

Auto and energy stocks advanced while metal, pharma and IT stocks underperformed.

The benchmark S&P BSE Sensex ended the session up 203.01 points, or 0.34 percent, at 59,959.85, while the broader NSE Nifty index rose 49.85 points, or 0.28 percent, to settle at 17,786.80.

Maruti Suzuki India shares surged 6 percent after the country's largest passenger vehicles manufacturer reported a 4-fold jump in its quarterly profit.

Among other top gainers, Hero Moto Corp, NTPC, Apollo Hospitals Enterprise and Reliance Industries rallied 2-3 percent.

Among those that fell, Divis Laboratories, Grasim, Sun Pharma, Tata Steel and Tech Mahindra all fell over 2 percent.

SBI Cards plunged 5.4 percent after its quarterly profit missed estimates.

Tata Chemicals tumbled 4.7 percent despite the company reporting nearly three-fold jump in consolidated net profit for the September quarter.

read more
Yen Falls As Asian Stock Markets Traded Higher

Yen Falls As Asian Stock Markets Traded Higher

The Japanese yen weakened against other major currencies in the Asian session on Wednesday, as Asian stock markets traded higher following the broadly positive cues from global markets overnight, as optimism about a few interest rate cuts by the U.S. Fed this year, and a drop in global bond yields. Markets in China and Hong Kong were down as the U.S. administration was discussing a 10 tariff against China and said tariffs on China could hinge on a deal over TikTok's ownership.
RTTNews | 5h 17min ago
European Economic News Preview: UK Public Sector Finance Data Due

European Economic News Preview: UK Public Sector Finance Data Due

Public sector finance from the UK is due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK government borrowing data for December. The budget deficit is forecast to widen to GBP 13.7 billion from GBP 11.25 billion in November.
RTTNews | 5h 29min ago
European Shares Seen Higher As Netflix Reports Record Subscriber Growth

European Shares Seen Higher As Netflix Reports Record Subscriber Growth

European stocks may open on a firm note Wednesday, with technology stocks likely to be in focus after Netflix Inc. reported its biggest quarterly subscriber gain in history and Trump announced a joint venture with OpenAI, Oracle and Softbank to invest billions of dollars in artificial intelligence infrastructure in the United States.
RTTNews | 6h 15min ago
Yen Falls Against Majors

Yen Falls Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Wednesday.
RTTNews | 6h 24min ago
Sensex, Nifty Rebound In Cautious Trade

Sensex, Nifty Rebound In Cautious Trade

Indian shares eked out modest gains in cautious trade on Wednesday after suffering heavy losses in the previous session on concerns over Trump's tariff stance, weak corporate earnings and continues foreign fund outflows.
RTTNews | 7h 17min ago
Asian Markets Track Global Markets Higher

Asian Markets Track Global Markets Higher

Asian stock markets are trading mostly higher on Wednesday, following the positive cues from global markets overnight, as optimism about a few interest rate cuts by the US Fed this year, and a drop in global bond yields. Markets in China and Hong Kong were down as the US administration was discussing a 10 tariff against China and said tariffs on China could hinge on a deal over TikTok's ownership.
RTTNews | 8h 36min ago
Australian Market Trims Gains In Mid-market

Australian Market Trims Gains In Mid-market

The Australian stock market is trimming its gains in mid-market trading on Wednesday, but extending the gains in the previous two sessions, with the benchmark S&P/ASX 200 moving well above the 8,400 level, following the broadly positive cues from global markets overnight, with gains in financial and technology stocks.
RTTNews | 9h 5min ago