Sensex, Nifty Follow Global Peers Higher
(RTTNews) - Indian shares opened on a positive note Thursday after the U.S. Federal Reserve hiked interest rates by 75 basis points - the biggest since 1994 - to curb rising inflation, which is at a 40-year high.
Fed Chair Jerome Powell indicated that another 75 bps of 50 bps hike could come in the next FOMC meeting.
The benchmark S&P BSE Sensex was up 364 points, or 0.7 percent, at 52,905, giving up some early gains. The broader NSE Nifty index was up 100 points, or 0.6 percent, at 15,793.
ICICI Bank, Bajaj Finance, Reliance Industries, ITC and Maruti Suzuki India rose 1-2 percent in the Nifty pack while state-run utility Power Grid Corp dropped 1.5 percent. Hero MotoCorp, Bharti Airtel and ONGC were seeing modest losses.
read more
Swiss Franc Weakens Against Majors
The Swiss franc declined against its major counterparts in the New York session on Monday, as gains in tech stocks lifted Wall Street.
RTTNews
|
8h 12min ago
Swiss Market Closes Moderately Higher
Despite a couple of weak spells during the day's trading session, the Switzerland market closed moderately higher on Monday, in line with markets across Europe after data showed an improvement in services sector activity in the region. Optimism about a recovery of the Chinese economy following recent stimulus measures helped as well.
RTTNews
|
8h 19min ago
European Markets Close On Firm Note
European stocks closed higher on Monday with investors reacting positively to slightly encouraging services sector data from the region, and stronger-than-expected services sector growth in China.
The upside was also due to expectations of more stimulus from the Chinese government, and easing concerns about tariff hikes amid reports U.S. President-elect Donald Trump's tariff plan will not be any
RTTNews
|
8h 41min ago
U.S. Factory Orders Pull Back Slightly More Than Expected In November
A report released by the Commerce Department on Monday showed new orders for U.S. manufactured goods decreased by slightly more than expected in the month of November. The Commerce Department said factory orders fell by 0.4 percent in November after climbing by an upwardly revised 0.5 percent in October. Economists had expected factory orders to dip by 0.3 percent.
RTTNews
|
10h 41min ago
German Inflation At 11-Month High Unlikely To Worry ECB Policymakers
Consumer price inflation in Germany rose for a third month in a row, and at a faster than expected pace in December, to its highest level in 11 months led by higher food prices and services costs, though policymakers at the European Central Bank are likely to be less concerned at the recent spike in price pressures and press ahead with another interest rate reduction in the next policy session.
RTTNews
|
10h 57min ago
Dollar Opens 2025 In Style
The U.S. dollar opened 2025 in style with gains against the euro, the British pound as well as the Australian Dollar during the week ended January 3, 2025.
RTTNews
|
12h 58min ago
Bay Street Likely To Open Higher
Canadian shares are likely to open on a positive note Monday morning, tracking higher commodity prices and firm European markets.
RTTNews
|
13h 16min ago
Eurozone Economy On The Verge Of Deeper Crisis, Sentix Says
The euro area economy is in the danger of plunging even deeper into crisis and the room for the European Central Bank for maneuver is diminishing rapidly, the behavioral research institute Sentix said Monday. Eurozone investor confidence sunk to the lowest level since November 2023 with the corresponding index falling to -17.7 in January from -17.5 in December, results of the monthly survey by S
RTTNews
|
14h 13min ago
