Sensex, Nifty Marginally Higher In Early Trade; FMCG Stocks Rally

RTTNews | 196 days ago
Stocktwits
Sensex, Nifty Marginally Higher In Early Trade; FMCG Stocks Rally

(RTTNews) - Indian shares were marginally higher on Tuesday amid optimism that the U.S. Federal Reserve may start cutting interest rates later this year.

The benchmark S&P BSE Sensex was up 18 points at 73,913 in early trade, with the upside capped by signs of escalating tensions in the Middle East. The broader NSE Nifty index was up 14 points at 22,456.

State-run oil marketing firm HPCL rallied 2.7 percent ahead of a board meet on Thursday to consider a bonus issue. Peer BPCL added 1.6 percent.

FMCG stocks traded higher, with Britannia Industries and HUL climbing 2-3 percent. Godrej Consumer Products soared 5.2 percent after posting strong Q4 results.

IIFL Finance surged 6.6 percent despite reports that it is facing liquidity crunch due to curbs on sanctioning, disbursing and selling gold loans.

Dr Reddy's Laboratories rose 0.6 percent while JSW Energy fell 2.2 percent ahead of their earnings results due today.

Stocktwits
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Euro Falls Against Majors

Euro Falls Against Majors

The euro weakened against other major currencies in the European session on Tuesday.
RTTNews | 5h 4min ago
Positive Trend In Asian Markets

Positive Trend In Asian Markets

Equity markets in Asia closed on a positive note on Tuesday amidst growing hopes of more stimulus measures and expectations from the rate review by the Peoples Bank of China due on Wednesday.
RTTNews | 5h 29min ago
RBA Vigilant To Upside Risks To Inflation, Minutes Show

RBA Vigilant To Upside Risks To Inflation, Minutes Show

The Reserve Bank of Australia remained vigilant to upside risks to inflation and the board affirmed that the policy would need to be sufficiently restrictive until inflation moves sustainably towards the target, the minutes of the policy board meeting held on November 4 and 5 showed Tuesday.
RTTNews | 7h 50min ago
Antipodean Currencies Rise As Asian Markets Trade Mostly Higher

Antipodean Currencies Rise As Asian Markets Trade Mostly Higher

Antipodean currencies such as the Australian and the New Zealand dollars strengthened against their major currencies in the Asian session on Tuesday, as traders picked up some stocks at a bargain after the recent weakness in the markets amid concerns about the outlook for interest rates. Strong gains in mining and energy stocks also boosted the markets amid climbing commodity prices.
RTTNews | 8h 17min ago
Super Micro Stock Surges After Hiring New Auditor; Plans To Avoid Delisting

Super Micro Stock Surges After Hiring New Auditor; Plans To Avoid Delisting

Shares of Super Micro Computer Inc. surged around 40 percent in the extended trading on The Nasdaq Stock Market after the troubled server maker announced that it has hired a new auditor and filed a compliance plan with the stock exchange, with a view to avoiding its delisting. The plan was submitted to support its request for an extension of time to regain compliance with the Nasdaq...
RTTNews | 8h 31min ago
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