Sensex, Nifty Modestly Higher; Axis Bank Shares Climb 6%

RTTNews | 924 dias atrás
Sensex, Nifty Modestly Higher; Axis Bank Shares Climb 6%

(RTTNews) - Indian shares opened a tad higher on Friday, shrugging off mixed global cues as investors weigh the impact of aggressive interest rate hikes from major central banks on growth.

The benchmark S&P BSE Sensex rose 283 points, or half a percent, to 59,486 while the broader NSE Nifty index was up 72 points, or 0.4 percent, to 17,636.

Axis Bank jumped 6 percent and Canara Bank rallied 2.7 percent after posting encouraging financial results.

Hindustan Unilever, Kotak Mahindra Bank, HDFC Life and Apollo Hospitals Enterprise all gained around 2 percent.

Reliance Industries was marginally lower ahead of its earnings release.

Infosys slipped half a percent. The company has permitted employees to take up gig work with prior consent from managers.

Tata Consumer Products was little changed despite reporting a 36 percent rise in Q2 profit.

Vodafone Idea gained 2 percent. Market regulator SEBI has cleared the government's proposal to convert dues of over $1.92 billion by the telecom to equity.

TVS Motor Company rose 0.6 percent on news it would consider issue of zero-coupon debentures.

Mphasis tumbled 4.2 percent after announcing its Q2 results.

read more
Swiss Market Ends On Bright Note

Swiss Market Ends On Bright Note

The Switzerland market closed on a strong note on Friday, mirroring the trend in markets across Europe and elsewhere, as worries about trade tensions eased after China stated its willingness to hold talks with the U.S.
RTTNews | 2h 38min atrás
European Stocks Close On Buoyant Note

European Stocks Close On Buoyant Note

European stocks closed higher on Friday, with the major markets in the region posting strong gains, amid easing concerns about U.S-China trade relations, and on upbeat U.S. non-farm payroll data.
RTTNews | 3h 0min atrás
Canadian Market Up Firmly In Positive Territory

Canadian Market Up Firmly In Positive Territory

The Canadian market is up firmly in positive territory a little past noon on Friday, amid easing concerns about U.S.-China trade tensions following China expressing willingness to hold tariff talks with the United States. Data showing a much higher than expected increase in U.S. non-farm payroll growth in the month of April is also aiding sentiment.
RTTNews | 3h 57min atrás
U.S. Factory Orders Spike Slightly Less Than Expected In March

U.S. Factory Orders Spike Slightly Less Than Expected In March

The Commerce Department released a report on Friday showing a sharp increase by new orders for U.S. manufactured goods in the month of March. The report said factory orders spiked by 4.3 percent in March after rising by a downwardly revised 0.5 percent in February.
RTTNews | 5h 54min atrás
U.S. Employment Jumps By 177,000 Jobs In April, Much More Than Expected

U.S. Employment Jumps By 177,000 Jobs In April, Much More Than Expected

Job growth in the U.S. far exceeded economist estimates in the month of April, according to a closely watched report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment shot up by 177,000 jobs in April compared to expectations for an increase of about 130,000 jobs.
RTTNews | 6h 48min atrás
Eurozone Inflation Remains Stable At 2.2%

Eurozone Inflation Remains Stable At 2.2%

Euro area annual inflation remained stable in April near the European Central Bank's 2 percent target, but the trade tariff uncertainty clouds the outlook. The harmonized index of consumer prices grew 2.2 percent on a yearly basis in April, the same pace of increase as seen in March, flash data from Eurostat showed on Friday. Prices were expected to climb at a slower pace of 2.1 percent.
RTTNews | 7h 13min atrás
Eurozone Manufacturing Activity Shrinks At Slower Pace

Eurozone Manufacturing Activity Shrinks At Slower Pace

Euro area factory activity contracted at a slower pace in April as production grew at the fastest pace in more than three years, final data of the purchasing managers' survey by S&P Global showed Friday. The HCOB manufacturing Purchasing Managers' Index rose to a 32-month high of 49.0 in April from 48.6 in March. The score was also above the flash estimate of 48.7.
RTTNews | 7h 25min atrás
Bay Street May Open Higher

Bay Street May Open Higher

The Canadian market is likely to open on a positive note on Friday, tracking firm European stocks amid easing concerns over U.S.-China trade tensions after Beijing stated its willingness to engage in tariff negotiations with the United States.
RTTNews | 7h 27min atrás