Sensex Surges 622 Points; Nifty Tops 24,500

RTTNews | 110 дней спустя
Sensex Surges 622 Points; Nifty Tops 24,500

(RTTNews) - Indian shares rose notably on Friday as TCS delivered better-than-expected Q1 results and surprisingly soft U.S. inflation data bolstered hopes for two Federal Reserve rate cuts this year.

The benchmark S&P/BSE Sensex surged nearly 1,000 points intraday to hit a record high of 80,893 before finishing up 622 points, or 0.78 percent, at 80,519.

The broader NSE Nifty index closed at 24,502, up 186 points, or 0.77 percent, from its previous close ahead of the release of retail inflation data and industrial output data.

The mid-cap and small-cap indexes on the BSE ended down 0.2 percent and 0.1 percent, respectively.

Tata Consultancy Services, India's largest IT services company, soared 6.6 percent after surpassing revenue estimates for the June quarter.

Peers Tech Mahindra, Infosys, HCL Technologies and Wipro rallied 3-5 percent.

Oil India surged nearly 8 percent after Morgan Stanley said the company's dividend distribution policy and earnings are set to double in 2029.

read more
Continued Consolidation Called For KOSPI

Continued Consolidation Called For KOSPI

The South Korea stock market on Wednesday ended the three-day winning streak in which it had advanced more than 35 points or 1.4 percent. The KOSPI now sits just above the 2,590-point plateau and it's tipped to open under pressure again on Thursday.
RTTNews | 4ч 25мин назад
TSX Ends Modestly Lower

TSX Ends Modestly Lower

The Canadian market ended weak on Wednesday, weighed down by losses in materials and technology sectors. Investors digested earnings updates from Canadian and U.S. companies, and awaited U.S. non-farm payroll data and Canadian GDP report, due later in the week.
RTTNews | 5ч 23мин назад
Bank Of Japan Interest Rate Decision Due On Thursday

Bank Of Japan Interest Rate Decision Due On Thursday

The Bank of Japan will wrap up its monetary policy meeting on Thursday and then announce its decision on interest rates, setting the pace for a busy day in Asia-Pacific economic activity. The BoJ is expected to keep its benchmark lending rate unchanged at 0.25 percent.
RTTNews | 5ч 25мин назад
Dollar Loses Ground Against Major Counterparts After GDP Data

Dollar Loses Ground Against Major Counterparts After GDP Data

The U.S. dollar shed ground on Wednesday after data showed an unexpected slowdown in the nation's GDP growth. Investors also digested strong private sector employment data and looked ahead to the crucial non-farm payroll data due later in the week.
RTTNews | 6ч 33мин назад
Canadian Market Slightly Lower In Cautious Trade

Canadian Market Slightly Lower In Cautious Trade

Canadian stocks are turning in a mixed performance on Wednesday with investors largely reacting to earnings announcements, and U.S. economic data. Materials stocks are among the notable losers, while consumer staples and utilities shares are finding good support.
RTTNews | 8ч 39мин назад
Swiss Market Ends Notably Lower

Swiss Market Ends Notably Lower

The Switzerland market ended notably lower on Wednesday after languishing in negative territory right through the day's session, as investors reacted to weak economic data, digested a slew of corporate earnings announcements, and looked ahead to some key U.S. economic data due later in the week.
RTTNews | 9ч 26мин назад
U.S. Dollar Retreats As GDP Growth Slows

U.S. Dollar Retreats As GDP Growth Slows

The U.S. dollar pulled back against its major counterparts in the New York session on Wednesday, as a slowdown in GDP growth outweighed optimism about strong ADP data.
RTTNews | 9ч 37мин назад