Sensex, Nifty Rise On Dovish Fed Expectations

RTTNews | 66 days ago
Sensex, Nifty Rise On Dovish Fed Expectations

(RTTNews) - Indian shares opened on a positive note Tuesday after the S&P 500 and Nasdaq 100 ended higher for a robust eighth consecutive session overnight on dovish Fed expectations.

The benchmark S&P/BSE Sensex was up 345 points, or 0.4 percent, at 80,770 in early trade while the broader NSE Nifty index was up 105 points, or 0.4 percent, at 24,678.

Zomato fell over 1 percent after over 2 percent equity worth Rs. 5,438 crore changed hands in a block deal.

IndusInd Bank gained 1.4 percent after it received RBI approval to launch mutual fund business.

TCS, SBI Life, Hero MotoCorp and BPCL were up 1-2 percent.

Nucleus Software soared more than 17 percent on share buyback news.

ONGC declined 1.6 percent as oil extended losses on China demand concerns and easing geopolitical risks after Israel agreed to a proposal to resolve issues that were impeding a ceasefire accord in Gaza.

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Tokyo Inflation Falls Below 2%

Tokyo Inflation Falls Below 2%

Inflation in Japan's capital Tokyo fell below 2 percent for the first time since May, data from the Ministry of Internal Affairs and Communications showed Friday. Excluding fresh food, consumer price inflation weakened to 1.8 percent in October from 2.0 percent in September. Inflation was seen at 1.7 percent. The rate fell below 2.0 percent for the first time in five months.
RTTNews | 5h 9min ago
China Keeps Medium-Term Lending Facility Rate Unchanged

China Keeps Medium-Term Lending Facility Rate Unchanged

China's central bank left the rate on medium-term lending facility unchanged on Friday after lowering the rate by 30 basis points last month. The People's Bank of China maintained the medium-term lending facility rate at 2.0 percent. The central bank today conducted a seven-day reverse repo operations of CNY 292.6 billion at an interest rate of 1.5 percent.
RTTNews | 5h 56min ago
Antipodean Currencies Fall Ahead Of U.S. Presidential Election

Antipodean Currencies Fall Ahead Of U.S. Presidential Election

The Antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Friday, as investors are awaiting the outcome of the U.S. presidential election on Sunday.
RTTNews | 6h 16min ago
European Economic News Preview: German Ifo Business Confidence Data Due

European Economic News Preview: German Ifo Business Confidence Data Due

Business confidence from Germany and monetary aggregates from the euro area are the top economic news due on Friday. At 2.45 am ET, France's consumer confidence survey data is due. Economists expect the confidence index to fall slightly to 94 in October from 95 in the previous month.
RTTNews | 6h 26min ago
Thai Shares May Stop The Bleeding On Friday

Thai Shares May Stop The Bleeding On Friday

The Thai stock market has tracked lower in four straight sessions, slipping almost 35 points or 2.5 percent along the way. The Stock Exchange of Thailand now sits just above the 1,460-point plateau although it may find traction on Friday.
RTTNews | 10h 16min ago