Sensex, Nifty Modestly Higher In Cautious Trade
(RTTNews) - Indian shares eked out modest gains in early trade on Friday as weaker U.S. growth data sent the dollar and bond yields tumbling and revived hopes for rate cuts by the Federal Reserve later this year.
A cautious undertone prevailed ahead of the exit poll and general election results due on Saturday and Tuesday, respectively.
The benchmark S&P BSE Sensex was up 227 points, or 0.3 percent, at 74,113 while the broader NSE Nifty index was up 60 points, or 0.3 percent, at 22,549.
UltraTech Cement, Bajaj Finance, Larsen & Toubro, Mahindra & Mahindra and Adani Enterprises climbed 2-3 percent in the Nifty pack while Tata Consumer Products, Kotak Mahindra Bank and LTIMindTree all fell over 1 percent.
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Canadian Shares Notably Lower
The Canadian market is down in negative territory Friday afternoon with stocks from several sectors reeling under sustained selling pressure amid uncertainty about U.S. interest rate cuts after dovish comments from Fed Chair Jerome Powell.
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Pred 6 h 43 min
Swiss Market Ends Lower On Growth Concerns
Swiss stocks tumbled on Friday, weighed down data showing a slowdown in growth, and uncertainty about Fed interest rate cuts following hawkish comments by the central bank chair Jerome Powell.
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Pred 7 h 15 min
U.S. Dollar Strengthens After Strong Retail Sales Data
The U.S. dollar climbed against its most major counterparts in the New York session on Friday, following the release of the latest batch of economic data, including a Commerce Department report showing retail sales increased by slightly more than expected in October.
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Pred 7 h 52 min
European Stocks Close Lower On Rate Cut Uncertainty, Growth Concerns
European stocks closed lower on Friday, weighed down by concerns about the outlook for U.S. interest rate cuts following Federal Reserve Chair Jerome Powell's hawkish comments. Disappointing economic data from China weighed as well.
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Pred 7 h 53 min
U.S. Business Inventories Inch Up Slightly Less Than Expected In September
With a jump by retail inventories partly offset by dips by manufacturing and wholesale inventories, the Commerce Department released a report on Friday showing U.S. business inventories crept up by slightly less than expected in the month of September. The Commerce Department said business inventories inched up by 0.1 percent in September after climbing by 0.3 percent in August.
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Pred 9 h 29 min
U.S. Industrial Production Falls 0.3% In October As Boeing Strike, Hurricanes Continue To Weigh
With the effects of recent hurricanes and the since-resolved strike at Boeing (BA) continuing to weigh on growth, the Federal Reserve released a report on Friday showing U.S. industrial production decreased in line with economist estimates in the month of October.
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Pred 9 h 38 min
New York Manufacturing Index Soars To Nearly Three-Year High In November
A report released by the Federal Reserve Bank of New York on Friday showed regional manufacturing activity has seen a substantial turnaround in the month of November. The New York Fed said its general business conditions index skyrocketed to a positive 31.2 in November from a negative 11.9 in October, with a positive reading indicating growth.
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Pred 9 h 56 min
U.S. Import Prices Unexpectedly Rise 0.3% In October
The Labor Department released a report on Friday showing an unexpected increase by import prices in the U.S. in the month of October. The report said import prices rose by 0.3 percent in October after falling by 0.4 percent in September. Economists had expected import prices to edge down by 0.1 percent.
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Pred 10 h 17 min
