Sensex, Nifty Marginally Higher In Early Trade; FMCG Stocks Rally

RTTNews | 12 days ago
Stocktwits
Sensex, Nifty Marginally Higher In Early Trade; FMCG Stocks Rally

(RTTNews) - Indian shares were marginally higher on Tuesday amid optimism that the U.S. Federal Reserve may start cutting interest rates later this year.

The benchmark S&P BSE Sensex was up 18 points at 73,913 in early trade, with the upside capped by signs of escalating tensions in the Middle East. The broader NSE Nifty index was up 14 points at 22,456.

State-run oil marketing firm HPCL rallied 2.7 percent ahead of a board meet on Thursday to consider a bonus issue. Peer BPCL added 1.6 percent.

FMCG stocks traded higher, with Britannia Industries and HUL climbing 2-3 percent. Godrej Consumer Products soared 5.2 percent after posting strong Q4 results.

IIFL Finance surged 6.6 percent despite reports that it is facing liquidity crunch due to curbs on sanctioning, disbursing and selling gold loans.

Dr Reddy's Laboratories rose 0.6 percent while JSW Energy fell 2.2 percent ahead of their earnings results due today.

Stocktwits
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TSX Ends Notably Higher, Gains 0.7% In Week

TSX Ends Notably Higher, Gains 0.7% In Week

The Canadian market ended on a firm note on Friday, lifted by strong gains in materials and energy sectors as commodity prices climbed higher amid rate cut bets and optimism about outlook for demand.
RTTNews | 1 day ago
Dollar Retreats After Early Gains

Dollar Retreats After Early Gains

The U.S. dollar climbed higher in the European session on Friday, extending gains from the previous session, but retreated later and stayed somewhat subdued thereafter and shed ground against its counterparts amid bets the Federal Reserve will start cutting interest rates from September.
RTTNews | 1 day ago
Swiss Market Ends On Firm Note Again

Swiss Market Ends On Firm Note Again

Swiss stocks turned in a fine performance on Friday, extending gains from the previous session, as some encouraging earnings updates and possibility of another rate cut from the Swiss National Bank helped underpin sentiment.
RTTNews | 1 day ago
Major European Markets Close Weak On Interest Rate Concerns

Major European Markets Close Weak On Interest Rate Concerns

The major European stocks closed lower on Friday, drifting down for a second straight session, on concerns the Federal Reserve will likely keep interest rates higher for a longer time. Some disappointing earnings updates hurt as well.
RTTNews | 1 day ago
U.S. Dollar Lower On Rate Cut Expectations

U.S. Dollar Lower On Rate Cut Expectations

The U.S. dollar declined against its major counterparts in the New York session on Friday on growing expectations that the U.S. Federal Reserve could start cutting interest rates as early as September.
RTTNews | 1 day ago
U.S. Leading Economic Index Decreases More Than Expected In April

U.S. Leading Economic Index Decreases More Than Expected In April

Suggesting softer economic conditions lay ahead, the Conference Board released a report on Friday showing a continued decrease by its reading on leading U.S. economic indicators in the month of April. The Conference Board said its leading economic index fell by 0.6 percent in April after dipping by 0.3 percent in March. Economists had expected the index to decrease by another 0.3 percent.
RTTNews | 2 days ago
Elon Musk Says Twitter's Official Rebranding As X Complete

Elon Musk Says Twitter's Official Rebranding As X Complete

Billionaire Elon Musk announced that his social media platform, formerly known as Twitter, has completed its rebranding as X. In a post on his social media account, Musk said, "All core systems are now on http://X.com." At the bottom of the X login page, a message reads as "We are letting you know that we are changing our URL, but your privacy and data protection settings remain the same."
RTTNews | 2 days ago
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