Sensex, Nifty Snap 4-day Losing Streak, Close Modestly Higher

RTTNews | 79 days ago

(RTTNews) - Indian shares closed higher on Tuesday, recovering after four straight days of losses, thanks to bargain hunting at several counters, and data showing a drop in the nation's consumer price inflation.

Data released by the National Statistical Office after trading hours on Monday showed India's consumer price inflation softened slightly to 5.22% in December from 5.48% in November. Inflation was expected to come in at 5.3%.

India's wholesale price inflation accelerated in December to the highest level in six months, provisional data from the Ministry of Commerce and Industry revealed on Tuesday.

The wholesale price index, or WPI, rose 2.37% year-over-year in December, faster than the 1.89% increase in September. Economists had expected inflation to rise to 2.3%.

The BSE benchmark Sensex, which climbed to 76,835.61, gaining more than 500 points in the process, ended the session with a gain of 169.92 points or 0.22% at 76,499.63.

The broader Nifty50 index of the National Stock Exchange closed up 90.10 points or 0.39% at 23,176.05, nearly 90 points off the day's high.

Bank, automobile, metal and pharmaceuticals shares moved up sharply.

Adani Ports rallied about 4.8%. NTPC gained about 4.2% and Tata Steel climbed 3.3%. Zomato, Tata Motors, Bajaj Finance, State Bank of India, Bajaj Finserv, IndusInd Bank and Maruti Suzuki gained 2 to 3%.

Sun Pharmaceutical Industries, M&M and Power Grid Corporation also closed notably higher.

Adani Enterprises surged more than 7%, topping the Nifty gainers list. Shriram Finance, NTPC, Hindalco and BEL gained 4 to 5%.

ONGC, Coal India, Eicher Motors, SBI Life, HeroMotocorp and Grasim Industries also posted solid gains.

HCL Technologies tumbled 8.6% despite reporting a surge in consolidated net profit the third quarter. The stock fell as the company's revenue guidance for the current financial year fell short of expectations. The IT major reported consolidated net profit of Rs 4,590 crore for the third quarter, compared to Rs 4,235 crore a quarter earlier.

Hind Unilever ended lower by about 3.5%. Titan Industries, Tata Consultancy Services, UltraTech Cement and Infosys lost 1.1 to 1.4%.

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Friday, following the broadly negative from Wall Street overnight, with some of the major markets being closed, as traders continue to assess the impact of the steeper-than-expected reciprocal tariffs imposed by US President Donald Trump on U.S. trade partners. Asian markets ended mostly lower on Thursday.

RTTNews | 4h 5min ago

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market moves on Friday, adding to the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling almost 2 percent to stay just above the 7,700 level, with weakness across most sectors led by energy and technology stocks.

RTTNews | 4h 48min ago

Sensex, Nifty Seen Lower At Open As Global Sell-off Deepens

Indian shares may follow global peers lower on Friday, even as a weakening dollar, plunging oil prices and expectations for accelerated Federal Reserve interest-rate cuts may help cap overall losses to some extent.

RTTNews | 4h 55min ago

Japanese Market Sharply Lower; Down 2.4%

Extending the sharp losses in the previous session, the Japanese market is sharply lower on Friday, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling 2.4 percent to below the 33,900 level, with weakness across most sectors led by index heavyweights, financial and technology stocks.

RTTNews | 5h 59min ago

Australian Market Sharply Lower

The Australian stock market is trading sharply lower on Friday, extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 7,800 level, with weakness across most sectors led by energy and technology stocks.

RTTNews | 6h 26min ago

Thai Shares Tipped To Open Under Water Again On Friday

The Thai stock market on Thursday ended the two-day winning streak in which it had advanced almost 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,160-point plateau and it's looking at another soft start again on Friday.

RTTNews | 6h 28min ago

Soft Start Expected For Singapore Stock Market

The Singapore stock market has tracked lower in four straight sessions, slumping almost 40 points or 1 percent along the way. The Straits Times Index now sits just above the 3,940-point plateau and it figures to open in the red again on Friday. The global forecast for the Asian markets is broadly negative after U.S. President Donald Trump's tariff announcement. The European and U.S. markets were sharply lower and the Asian bourses are expected to open in similar fashion. The STI finished modestly lower on Thursday following losses from the banks and mixed performances from the properties and industrials. For the day, the index lost 11.98 points or 0.30 percent to finish at 3,942.23 after trading between 3,902.98 and 3,955.04.

RTTNews | 6h 58min ago

Malaysia Bourse May Give Up Support At 1,500 Points

The Malaysia stock market has moved lower in two of three trading days since the end of the three-day winning streak in which it had picked up more than 30 points or 2 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,520-point plateau and it may take further damage again on Friday.

RTTNews | 7h 28min ago

EURUSD	1.10798	GBPUSD	1.3094	AUDUSD	0.62543
USDJPY	145.868	USDCAD	1.40938	USDCHF	0.8546

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Sensex, Nifty Snap 4-day Losing Streak, Close Modestly Higher