Sensex, Nifty Modestly Higher In Cautious Trade
(RTTNews) - Indian shares eked out modest gains in early trade on Friday as weaker U.S. growth data sent the dollar and bond yields tumbling and revived hopes for rate cuts by the Federal Reserve later this year.
A cautious undertone prevailed ahead of the exit poll and general election results due on Saturday and Tuesday, respectively.
The benchmark S&P BSE Sensex was up 227 points, or 0.3 percent, at 74,113 while the broader NSE Nifty index was up 60 points, or 0.3 percent, at 22,549.
UltraTech Cement, Bajaj Finance, Larsen & Toubro, Mahindra & Mahindra and Adani Enterprises climbed 2-3 percent in the Nifty pack while Tata Consumer Products, Kotak Mahindra Bank and LTIMindTree all fell over 1 percent.
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European Stocks Close Lower On Rate Cut Uncertainty, Growth Concerns
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U.S. Business Inventories Inch Up Slightly Less Than Expected In September
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6h 42min ago
U.S. Industrial Production Falls 0.3% In October As Boeing Strike, Hurricanes Continue To Weigh
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6h 52min ago
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7h 10min ago
U.S. Import Prices Unexpectedly Rise 0.3% In October
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U.S. Retail Sales Climb 0.4% In October, Slightly More Than Expected
Partly reflecting a jump in sales by motor vehicle and parts dealers, the Commerce Department released a report on Friday showing retail sales in the U.S. increased by slightly more than expected in the month of October. The Commerce Department said retail sales rose by 0.4 percent in October after growing by an upwardly revised 0.8 percent in September.
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7h 36min ago
U.S. Industrial Production Decreases In Line With Estimates In October
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