Sensex, Nifty Soar On Exit Poll Results

RTTNews | 162 days ago
Sensex, Nifty Soar On Exit Poll Results

(RTTNews) - Indian shares soared in early trade on Monday, with gains seen across the board after several exit polls pointed to a third term and sizable mandate for Prime Minister Narendra Modi.

Positive global cues on the back of encouraging inflation data from the U.S. and robust Indian GDP data for the fourth quarter of FY24 also boosted investor sentiment.

The benchmark S&P BSE Sensex was up 1,890 points, or 2.6 percent, at 75,851 in early trade while the broader NSE Nifty index surged 584 points, or 2.6 percent, to 23,115.

Adani Group stocks soared, with Adani Enterprises and Adani Ports surging 7 percent and 9.4 percent, respectively.

PSU stocks such as NTPC and Power Grid Corp were up 6 percent and 7.6 percent, respectively.

Maruti Suzuki India added 1.5 percent after cutting prices of its AGS variants for some models. Hero MotoCorp rallied 2.5 percent despite reporting a marginal dip in May sales. REC soared 8.3 percent on fund raising reports.

MosChip Technologies jumped 10 percent after it secured a contract worth over Rs 500 crores from CDAC.

State-run oil marketing companies BPCL, HPCL and IOC surged 5-8 percent while explorer ONGC climbed 4 percent, Oil India rallied 3.3 percent and Reliance Industries rose 2.4 percent.

Telecom stocks such as Bharti Airtel and Vodafone Idea were up 3-4 percent.

read more
Canadian Market Stays Firm After Hitting New Record High

Canadian Market Stays Firm After Hitting New Record High

The Canadian market is holding in positive territory Tuesday afternoon posting a new record high, with technology stocks contributing substantially to the upmove. Materials and energy stocks are having a tough session due to weak commodity prices.
RTTNews | 6h 4min ago
Swiss Market Ends Sharply Lower On Weak Global Cues

Swiss Market Ends Sharply Lower On Weak Global Cues

The Switzerland market ended sharply lower on Tuesday as stocks reeled under selling pressure right through the day's session on weak global cues amid concerns about the possible impact of Donald Trump's protectionist policies.
RTTNews | 6h 33min ago
European Stocks Tumble On Economic, Geopolitical Concerns

European Stocks Tumble On Economic, Geopolitical Concerns

European stocks tumbled on Tuesday and several markets recorded their biggest single-session decline in several weeks, as concerns about the potential adverse impact of Donald Trump's protectionist policies on global economic and political front weighed on sentiment.
RTTNews | 6h 48min ago
Bay Street Likely To Open On Mixed Note

Bay Street Likely To Open On Mixed Note

Canadian shares are likely to open on a mixed note Tuesday morning, tracking global stocks and commodity prices. Activity is likely to remain stock specific with investors reacting to quarterly earnings updates.
RTTNews | 11h 1min ago
Tyson Foods Q4 Results Top Estimates

Tyson Foods Q4 Results Top Estimates

Meat processor Tyson Foods reported Tuesday a profit for the fourth quarter compared to a loss last year, reflecting improved margins and sales growth. Both adjusted earnings per share and quarterly sales topped analysts' expectations. However, the company provided weak sales guidance for the full-year 2025.
RTTNews | 11h 1min ago
German ZEW Economic Confidence Deteriorates

German ZEW Economic Confidence Deteriorates

German economic sentiment deteriorated in November as the victory of Donald Trump in the US presidential election and the collapse of the German government coalition damped expectations, survey results from the think tank ZEW showed Tuesday. The ZEW Indicator of Economic Sentiment dropped to 7.4 in November from 13.1 in the previous month. The index was expected to remain broadly unchanged at 13
RTTNews | 12h 3min ago