Sensex, Nifty Snap 4-day Losing Streak, Close Modestly Higher

RTTNews | vor 248 Tagen

(RTTNews) - Indian shares closed higher on Tuesday, recovering after four straight days of losses, thanks to bargain hunting at several counters, and data showing a drop in the nation's consumer price inflation.

Data released by the National Statistical Office after trading hours on Monday showed India's consumer price inflation softened slightly to 5.22% in December from 5.48% in November. Inflation was expected to come in at 5.3%.

India's wholesale price inflation accelerated in December to the highest level in six months, provisional data from the Ministry of Commerce and Industry revealed on Tuesday.

The wholesale price index, or WPI, rose 2.37% year-over-year in December, faster than the 1.89% increase in September. Economists had expected inflation to rise to 2.3%.

The BSE benchmark Sensex, which climbed to 76,835.61, gaining more than 500 points in the process, ended the session with a gain of 169.92 points or 0.22% at 76,499.63.

The broader Nifty50 index of the National Stock Exchange closed up 90.10 points or 0.39% at 23,176.05, nearly 90 points off the day's high.

Bank, automobile, metal and pharmaceuticals shares moved up sharply.

Adani Ports rallied about 4.8%. NTPC gained about 4.2% and Tata Steel climbed 3.3%. Zomato, Tata Motors, Bajaj Finance, State Bank of India, Bajaj Finserv, IndusInd Bank and Maruti Suzuki gained 2 to 3%.

Sun Pharmaceutical Industries, M&M and Power Grid Corporation also closed notably higher.

Adani Enterprises surged more than 7%, topping the Nifty gainers list. Shriram Finance, NTPC, Hindalco and BEL gained 4 to 5%.

ONGC, Coal India, Eicher Motors, SBI Life, HeroMotocorp and Grasim Industries also posted solid gains.

HCL Technologies tumbled 8.6% despite reporting a surge in consolidated net profit the third quarter. The stock fell as the company's revenue guidance for the current financial year fell short of expectations. The IT major reported consolidated net profit of Rs 4,590 crore for the third quarter, compared to Rs 4,235 crore a quarter earlier.

Hind Unilever ended lower by about 3.5%. Titan Industries, Tata Consultancy Services, UltraTech Cement and Infosys lost 1.1 to 1.4%.

Swiss Market Ends Higher For 2nd Straight Session

The Switzerland market opened on a slightly weak note on Friday, but recovered swiftly and then kept edging higher to eventually end the day's session on a firm note.

RTTNews | vor 1Std 38 Minuten

Major European Markets Close Slightly Weak

The major European markets closed slightly down on Friday as investors assessed recent moves of the central banks and weighed the potential impact of tariffs. A bit of profit taking also contributed to the market's weak close.

RTTNews | vor 2Std 3 Minuten

TSX Marches On, Hits Fresh Record High; Materials Stocks Rally

The Canadian market is up firmly in positive territory a little past noon on Friday, extending recent gains, thanks largely to strong buying in the materials sector. Energy stocks are struggling for support due to weak oil prices. The mood remains fairly bullish amid expectations the Bank of Canada and the Federal Reserve will announce further easing this year to boost growth.

RTTNews | vor 3Std 9 Minuten

Bank Of Japan Holds Rate Steady; Plans To Lower ETF Holdings

The Japanese central bank left its key interest rate unchanged on Friday, as expected, but surprised markets with a decision to reduce the holdings of its massive stock of exchange-traded funds, suggesting that the monetary policy normalization is underway. The Bank of Japan policy board, led by Governor Kazuo Ueda, voted 7-2 to hold the uncollateralized overnight call rate at around 0.5 percen

RTTNews | vor 6Std 4 Minuten