Sensex, Nifty Modestly Higher In Early Trade; Metal Stocks Outperform

RTTNews | 848 days ago
Stocktwits
Sensex, Nifty Modestly Higher In Early Trade; Metal Stocks Outperform

(RTTNews) - Indian shares opened a tad higher on Monday despite weak cues from the U.S. and European markets.

The benchmark S&P BSE Sensex edged up 205 points, or 0.3 percent, to 61,045 in early trade, while the broader NSE Nifty index was up 54 points, or 0.3 percent, at 18,159.

Tata Steel, Hindalco and SAIL climbed 2-3 percent after China announced to raise export duty on metals.

PNB gained 1.7 percent after hiking interest rates on savings accounts and fixed deposits.

Hero MotoCorp edged down slightly after it commenced deliveries of Vida V1 electric scooter.

Tata Motors added 1.7 percent after reporting a 14 percent increase in total sales for the December quarter.

Maruti Suzuki India rose half a percent after unveiling its monthly sales figures.

DLF rose about 1 percent on news it would take legal action against New Okhla Industrial Development Authority's (Noida) demand for payment of over Rs 234 crore in connection with a dispute over a parcel of land.

HG Infra Engineering gained 1 percent after it emerged as the lowest bidder for a DMRC (Delhi Metro Rail Corporation) project.

REC rallied 1.6 percent as it received board approval for the sale of its entire shareholding in WRSR Power Transmission to Adani Transmission.

Religare Enterprises jumped 2 percent after its NBFC arm Religare Finvest made a one-time settlement on outstanding dues with 16 lenders.

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European Economic News Preview: Eurozone Economic Sentiment Due

European Economic News Preview: Eurozone Economic Sentiment Due

Economic sentiment and monetary aggregates from the euro area and consumer sentiment from Germany are the top economic news due on Tuesday. At 2.00 am ET, the market research group GfK publishes German consumer sentiment survey results. The confidence index is forecast to fall to -25.6 in May from -24.5 in April.
RTTNews | 1h 1min ago
NZ Dollar Advances Against Majors

NZ Dollar Advances Against Majors

The New Zealand dollar strengthened against most major currencies in the Asian session on Tuesday. The NZ dollar rose to a 4-day high of 0.5987 against the U.S. dollar, from yesterday's closing value of 0.5971.
RTTNews | 1h 12min ago
European Shares Seen Flat To Higher At Open

European Shares Seen Flat To Higher At Open

European stocks are seen opening flat to slightly higher on Tuesday as investors watch the latest developments on trade talks and await cues from some big U.S. tech companies.
RTTNews | 1h 21min ago
Sensex, Nifty Fluctuate In Lackluster Trade

Sensex, Nifty Fluctuate In Lackluster Trade

Indian shares fluctuated in early trade on Tuesday, tracking muted cues from global markets as investors looked for signs of progress on the global trade front.
RTTNews | 2h 33min ago
Australian Market Strongly Adds To Early Gains In Mid-market

Australian Market Strongly Adds To Early Gains In Mid-market

The Australian stock market is strongly extending its early modest gains in mid-market trading on Tuesday, adding to the gains in the previous three sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,000 mark, with gains across most sectors led by iron ore miners, technology and energy stocks.
RTTNews | 3h 35min ago
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, following the mixed cues from Wall Street overnight, as traders remain optimistic and keep a close eye on developments on the tariff front, with US Treasury Secretary Scott Bessent reportedly said he believes an agreement in principle can reached on "17 or 18 important trade deals" the administration is currently negotiating.
RTTNews | 3h 59min ago
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