Sensex, Nifty Surge Amid Global Rally; Auto Stocks Underperform

RTTNews | 874 days ago
Sensex, Nifty Surge Amid Global Rally; Auto Stocks Underperform

(RTTNews) - Indian shares rallied on Friday as cooling U.S. inflation fueled hopes the Federal Reserve would soon start scaling down the size of its interest-rate hikes.

The rupee was up 95 paise at 80.86 in the afternoon as bond yields tumbled and the dollar weakened in international markets on hopes for a more dovish Fed.

Sentiment was also boosted after China cut quarantine restrictions for inbound travelers and flights.

The benchmark S&P BSE Sensex soared 1,181.34 points, or 1.95 percent, to 61,795.04 -hitting a 52-week high.

The broader NSE Nifty index also hit a 52-week high, closing up 321.50 points, or 1.78 percent, at 18,349.70.

Financials led the surge, with the HDFC twins both climbing around 5.7 percent.

IT stocks followed suit after the tech-heavy Nasdaq Composite index soared 7.4 percent overnight in response to a lower-than-expected inflation print. HCL Technologies, Tech Mahindra and Infosys jumped 3-5 percent.

Auto stocks underperformed, with Eicher Motors falling 4.9 percent after its Q2 profit missed Street estimates. Hero Moto Corp gave up 1.8 percent and Mahindra & Mahindra shed 0.7 percent.

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Asian Markets Track Wall Street Lower

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 28min ago
Australian Market Extends Early Losses In Mid-market

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 | 5h 11min ago
Sensex, Nifty Seen Lower At Open As Global Sell-off Deepens

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 | 5h 18min ago
Japanese Market Sharply Lower; Down 2.4%

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 | 6h 22min ago
Australian Market Sharply Lower

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 49min ago
Thai Shares Tipped To Open Under Water Again On Friday

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 50min ago
Soft Start Expected For Singapore Stock Market

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 | 7h 20min ago
Malaysia Bourse May Give Up Support At 1,500 Points

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 50min ago