Tag Archives: rally

Market Now: IT stocks rally on rupee weakness; HCL Tech zooms 4% 

Equity benchmarks moved up a little shrugging off weakness in global stocks and concerns over surging oil prices. NEW DELHI: Falling rupee seems to have given a fillip to IT stocks as most of them from the Nifty IT pack were trading in the higher terrain. The Nifty IT index was trading 2.71 per cent up at 13,105 around 10:50 am (IST) ... Read More »

Sensex, Nifty hit fresh highs; bank stocks drive rally

Markets continued their record- setting spree for the second straight day with BSE benchmark Sensex rising over 178 points to hit new closing high of 35,260.29 and Nifty ending above 10,800 for the first time, driven by a rally in banking counters. Upbeat sentiment got boost on reports that the government is considering raising the foreign investment ceiling in private ... Read More »

New year adds fizz to stock market rally

Shares across the world have made a powerful start to the year as economic data from three continents buoyed hopes that faster global growth will push stock markets to new all-time highs. Widespread optimism over the prospects for the world economy showed little sign of abating on Friday even after mixed US jobs data, with the benchmark US S&P 500 ... Read More »

Sensex Extends Gains, Rises Over 300 Points; Energy Stocks Rally

The Sensex and Nifty rose more than 1 per cent on Wednesday, recouping most of the losses in the previous session, led by gains in financials such as Housing Development Finance Corp, while metal stocks climbed on higher prices for the commodity. Sentiment was also supported by a recovery in broader Asia as concerns stemming from North Korea’s firing of ... Read More »

Global Markets, Dollar Rally As North Korea Blinks

Asian shares rallied and the dollar firmed on Tuesday after North Korea’s leader signalled that he would delay plans to fire a missile near Guam, easing tensions and prompting investors to move back into beaten-down riskier assets. MSCI’s broadest index of Asia-Pacific shares outside Japan extended early gains and rose 0.4 percent by late morning, with South Korea up 0.6 ... Read More »

China’s November home prices show government curbs starting to cool sharp rally

China’s property market slowed further last month, with average new home prices in the nation’s 70 major cities cooling from October as a raft of government curbs appeared to discourage speculative demand. New home prices rose 0.6 percent month-on-month, slowing from October’s 1.1 percent, according to Reuters calculations from data issued by the National Bureau of Statistics (NBS) on Monday. ... Read More »

Small banks rally pauses but may not be over yet

The rally in regional U.S. bank stocks that followed last month’s election of Donald Trump may not be over, but investors may have to wait for policy to take shape for the massive move to extend further. The S&P 600 index of small-cap banks .SPSMCBKS has surged more than 20 percent since Trump’s surprise Nov. 8 victory, while their large-cap ... Read More »

Dow Jones hits record as rally continues

The Dow Jones hit another record high on Monday as US stocks continued to benefit from Donald Trump’s election victory. After experiencing its biggest weekly percentage rise since December 2011, the Dow Jones closed closed up 21 points, or 0.1%, to 18,868.6 points. Financial stocks helped the rally, with Goldman Sachs and JP Morgan among the biggest gainers. However, the ... Read More »

May approves Hinkley Point nuclear plant, sets tighter controls

Britain gave the go-ahead for a $24 billion (£18.1 billion) nuclear power plant on Thursday, ending weeks of uncertainty that strained ties with China and France but also signalling a more cautious approach to foreign investment in critical infrastructure projects. Prime Minister Theresa May’s government said it would proceed with the Hinkley Point C project in southwest England, approving French ... Read More »

FTSE steadies as Next slump offsets Morrison rally

Britain’s top equity index steadied near a one-month low on Thursday, with a slump in Next (NXT.L) following poor results offsetting a strong rally in Morrisons (MRW.L) after a rise in its first-half profit for the first time in four years. The blue-chip FTSE 100 index .FTSE was up 0.06 percent at 6,677.55 points after falling to 6,654.82, coming close ... Read More »