Sensex, Nifty Climb On Dovish Fed; IT Stocks Rebound

RTTNews | 23h 43minuter sedan
Sensex, Nifty Climb On Dovish Fed; IT Stocks Rebound

(RTTNews) - Indian shares opened on a buoyant note Thursday after the U.S. Federal Reserve held interest rates steady, as widely expected, and signaled the possibility of two rate cuts by the end of the year, given increased uncertainty around the economic outlook.

The Fed also lowered its economic outlook for the year, marked up its inflation expectations and said it will start shrinking its balance sheet at a slower pace starting next month amid growing worries around tariffs.

The benchmark 30-share BSE Sensex was up 456 points, or 0.6 percent, at 75,905 in early trade while the broader NSE Nifty index jumped 130 points, or 0.6 percent, to 23,037.

IT stocks topped the gainers list after an investor event reassured markets about demand for artificial intelligence computing.

HCL Technologies, TCS, Infosys and Wipro climbed 2-3 percent.

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Singapore Stock Market May Run Out Of Steam On Friday

Singapore Stock Market May Run Out Of Steam On Friday

The Singapore stock market has moved higher in four straight sessions, advancing more than 90 points or 2.4 percent along the way. The Straits Time Index now sits just above the 3,930-point plateau although investors may lock in gains on Friday.
RTTNews | 4h 6minuter sedan
Malaysia Stock Market May Give Up Support At 1,500 Points

Malaysia Stock Market May Give Up Support At 1,500 Points

The Malaysia stock market has moved lower in consecutive trading days, dropping more than 20 points or 1.4 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,500-point plateau and it's likely to open under pressure again on Friday.
RTTNews | 4h 36minuter sedan
Continued Consolidation Called For Japan Stock Market

Continued Consolidation Called For Japan Stock Market

Ahead of Thursday holiday for the Vernal Equinox, the Japanese stock market had ended the three-day winning streak in which it had rallied more than 1,050 points or 2.8 percent. The Nikkei 225 now rests just above the 37,750-point plateau and it may extend its losses on Friday.
RTTNews | 4h 51minuter sedan
South Korea Bourse May Run Out Of Steam On Friday

South Korea Bourse May Run Out Of Steam On Friday

The South Korea stock market has moved higher in four straight sessions, collecting more than 70 points or 2.7 percent along the way. The KOSPI now sits just beneath the 2,640-point plateau although the rally may stall on Friday.
RTTNews | 5h 6minuter sedan
Japan Inflation Data Due On Friday

Japan Inflation Data Due On Friday

Japan will on Friday release February data for consumer prices, highlighting a modest day for Asia-Pacific economic activity. In January, overall inflation was up 0.5 percent on month and 4.0 percent on year, while core CPI rose an annual 3.2 percent.
RTTNews | 6h 6minuter sedan
TSX Ends Marginally Down

TSX Ends Marginally Down

The Canadian market ended slightly down on Thursday as concerns about growth outlook and rising trade tensions weighed on sentiment. Reports that Canadian Prime Minister Mark Carney may call a snap election in late April raised uncertainty on the political front.
RTTNews | 6h 53minuter sedan