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Sensex surges 530 points to scale new closing peak of 40,889, Nifty ends above 12,050; Bharti, Tata Steel among top gainers
Fp Staff •Market benchmark Sensex on Monday surged 530 points to hit a fresh closing high of 40,889.23, driven by gains mainly in telecom, metal and auto stocks amid renewed optimism over US-China trade truce
Sensex surges over 300 points, Nifty above 12,000-mark on positive global cues; Infosys, Bharti Airtel among top gainers
Fp Staff •Top gainers in the Sensex pack included Tata Steel which rose up to 2.48%, Bharti Airtel 2.30%, Infosys 1.33%, Sun Pharma 1.55%, Vedanta 1.27% and RIL 0.82%.
RCEP: Asia-wide trade pact on course despite doubts raised by India; committed to sign deal in 2020, says Thailand
•RCEP includes the 10-member grouping of Southeast Asian nations, as well as China, South Korea, Japan, India, Australia and New Zealand.
Rupee retreats 31 paise to 70.87 against dollar amid foreign fund outflows; Sino-US trade concerns continue to linger
•At the interbank foreign exchange market, the rupee opened on a strong note at 70.37, then lost ground and fell to an intra-day low of 70.88 against the American currency.
Rupee tumbles 67 paise against dollar in early trade; currency under pressure after tit-for-tat US-China tariff attacks
•The rupee had appreciated by 38 paise to close at a two-week high of 71.42 against the US dollar on Friday
China, US kick off new round of tariffs against each other in bruising trade war; to meet for talks later this month
•The Trump administration on Sunday began collecting 15 percent tariffs on more than $125 billion in Chinese imports
Gold declines, but near six-year high on rate cut hopes, uncertainties on Sino-US trade talks
•Gold rose more than 1 percent in the previous session as an inversion in the US yield curve and disappointing US economic data rekindled fears of a looming recession.
Sensex jumps over 150 points led by gains in L&T, ICICI Bank, SBI amidst positive domestic, global cues; IT firms among top losers
Fp Staff •Top gainers in the Sensex pack in early trade on Tuesday included Tata Motors, SBI, Tata Steel, L&T, Axis Bank, Bajaj Finance, IndusInd Bank and NTPC, rising up to 2 percent.
Sino-US trade dispute: India should seize opportunities to increase exports in tariff-affected markets
Jahanwi •The tariff war is set to create distortions in both regional and global value chains, and its adverse impact is likely to spread to other developing countries, worsening their existing balance of payment challenges.
Sensex, Nifty start on a positive note; bank stocks jump on fund infusion; SBI, Axis, ICICI bank among top gainers
•Public sector bank stocks rose after the finance ministry on Wednesday announced infusion of Rs 48,239 crore in 12 PSBs this fiscal to help them maintain regulatory capital requirements and finance growth plans