Sensex, Nifty Tad Higher In Early Trade

RTTNews | 8h 1min ago
Stocktwits
Sensex, Nifty Tad Higher In Early Trade

(RTTNews) - Indian shares opened on a positive note Thursday as tamer-than-expected U.S. CPI data led to some optimism about the Federal Reserve resuming interest rate cuts in the near future.

The benchmark 30-share BSE Sensex was up 190 points, or 0.2 percent, at 74,219 in early trade while the broader NSE Nifty index edged up by 47 points, or 0.2 percent, to 22,517.

Among the top gainers, Adani Enterprises, SBI, Tata Steel and ONGC rose 1-2 percent. MTNL jumped 14 percent on news that it has earned 2,134.61 crore from the monetization of land and building assets.

Bharat Electronics rallied 2.4 percent on winning a Rs 2,463 crore contract from the Ministry of Defence to supply and service Ashwini radars for the Indian Air Force.

Alkem Laboratories was marginally higher after launching a generic diabetes drug.

IndusInd Bank shares were down 2.3 percent and Shriram Finance fell 1.3 percent.

Ola Electric Mobility shares were down about 1 percent. The company said it expects auto business to breakeven by the next quarter.

Power Finance Corporation dropped 1 percent after its board approved Rs 1,40,000 crore borrowing plan for 2025-26.

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Antipodean Currencies Fall Amid Global Trade War Concerns

Antipodean Currencies Fall Amid Global Trade War Concerns

The Antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Thursday, as concerns about the impact of the ongoing trade war continue to weigh on the markets.
RTTNews | 4h 16min ago
Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the pre-European session on Thursday.
RTTNews | 4h 51min ago
European Economic News Preview: Eurozone Industrial Output Data Due

European Economic News Preview: Eurozone Industrial Output Data Due

Industrial production from the euro area and unemployment from Italy are the top economic news due on Wednesday. At 3.30 am ET, producer prices figures from Switzerland are due. Economists forecast prices to grow 0.2 percent on a monthly basis in February after a 0.1 percent gain in January.
RTTNews | 7h 5min ago
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Thursday, following the mixed cues from Wall Street overnight, and amid some optimism about the US Fed resuming interest rate cuts in the near future after a report showed consumer prices in the U.S. came in tamer-than-expected in February. However, concerns about the impact of the ongoing trade war continue to weigh on the markets.
RTTNews | 8h 51min ago
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