Indian Equities End Higher on Thursday on Increasing Hope of US Rate Cut

MT Newswires Live08-22

Indian indices extended their winning run to a sixth day on Thursday amid the rising likelihood of a US rate cut.

Both BSE Sensex and NSE Nifty 50 gained, mirroring upbeat global market sentiment, after the minutes from the latest US Fed meeting indicated an interest rate cut in September.

At close, the Sensex jumped 147.89 points, or, 0.2%, to 81,053.19, while the Nifty 50 climbed 41.30 points, or also 0.2%, to 24,811.50.

Grasim Industries (NSE:GRASIM, BOM:500300) emerged as the top gainer on Thursday, with shares rising 3%, followed by Tata Consumer Products (NSE:TATACONSUM, BOM:500800) and Bharti Airtel (NSE:BHARTIARTL, BOM:532454).

Conversely, Tata Motors (NSE:TATAMOTORS, BOM:500570), Wipro (NSE:WIPRO, BOM:507685) and NTPC (NSE:NTPC, BOM:532555) were the top laggards.

In corporate news, GAIL (India) (NSE:GAIL, BOM:532155) has entered into a memorandum of understanding with Petron Scientech to explore jointly setting up a 500,000 tons per annum (KTA) bio-ethylene plant along with its downstream units in India, according to a Thursday filing with the stock exchanges.

Meanwhile, Central Bank of India (NSE:CENTRALBK, BOM:532885) entered into a co-lending partnership with non-banking finance company Piramal Capital and Housing Finance to offer loan against property for Micro, Small and Medium Enterprises (MSME) and home loans at competitive rates, according to a Thursday filing with the bourses.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2461394807?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-08-22 18:30","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2461394807","market":"sg","top_or_hot":-1,"title":"Indian Equities End Higher on Thursday on Increasing Hope of US Rate Cut","media":"MT Newswires Live","content":"<html><body><p> Indian indices extended their winning run to a sixth day on Thursday amid the rising likelihood of a US rate cut.</p><p>Both BSE Sensex and NSE Nifty 50 gained, mirroring upbeat global market sentiment, after the minutes from the latest US Fed meeting indicated an interest rate cut in September.</p><p>At close, the Sensex jumped 147.89 points, or, 0.2%, to 81,053.19, while the Nifty 50 climbed 41.30 points, or also 0.2%, to 24,811.50.</p><p>Grasim Industries (NSE:GRASIM, BOM:500300) emerged as the top gainer on Thursday, with shares rising 3%, followed by Tata Consumer Products (NSE:TATACONSUM, BOM:500800) and Bharti Airtel (NSE:BHARTIARTL, BOM:532454).</p><p>Conversely, Tata Motors (NSE:TATAMOTORS, BOM:500570), Wipro (NSE:WIPRO, BOM:507685) and NTPC (NSE:NTPC, BOM:532555) were the top laggards.</p><p>In corporate news, GAIL (India) (NSE:GAIL, BOM:532155) has entered into a memorandum of understanding with Petron Scientech to explore jointly setting up a 500,000 tons per annum (KTA) bio-ethylene plant along with its downstream units in India, according to a Thursday filing with the stock exchanges.</p><p>Meanwhile, Central Bank of India (NSE:CENTRALBK, BOM:532885) entered into a co-lending partnership with non-banking finance company Piramal Capital and Housing Finance to offer loan against property for Micro, Small and Medium Enterprises (MSME) and home loans at competitive rates, according to a Thursday filing with the bourses.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Indian Equities End Higher on Thursday on Increasing Hope of US Rate Cut</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIndian Equities End Higher on Thursday on Increasing Hope of US Rate Cut\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-22 18:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Indian indices extended their winning run to a sixth day on Thursday amid the rising likelihood of a US rate cut.Both BSE Sensex and NSE Nifty 50 gained, mirroring upbeat global market sentiment, ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"KTA.AU","symbol_name":"KRAKATOA RESOURCES LTD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2461394807","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2461394807","pubTimestamp":1724322656,"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Indian indices extended their winning run to a sixth day on Thursday amid the rising likelihood of a US rate cut.Both BSE Sensex and NSE Nifty 50 gained, mirroring upbeat global market sentiment, afte","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"KTA.AU":"KRAKATOA RESOURCES LTD","BK4211":"区域性银行","HOPE":"Hope Bancorp, Inc.","BK7104":"黄金"},"translate_title":"由于美国降息的希望越来越大，印度股市周四收高","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HOPE":1,"KTA.AU":1},"content_text":"Indian indices extended their winning run to a sixth day on Thursday amid the rising likelihood of a US rate cut.Both BSE Sensex and NSE Nifty 50 gained, mirroring upbeat global market sentiment, after the minutes from the latest US Fed meeting indicated an interest rate cut in September.At close, the Sensex jumped 147.89 points, or, 0.2%, to 81,053.19, while the Nifty 50 climbed 41.30 points, or also 0.2%, to 24,811.50.Grasim Industries (NSE:GRASIM, BOM:500300) emerged as the top gainer on Thursday, with shares rising 3%, followed by Tata Consumer Products (NSE:TATACONSUM, BOM:500800) and Bharti Airtel (NSE:BHARTIARTL, BOM:532454).Conversely, Tata Motors (NSE:TATAMOTORS, BOM:500570), Wipro (NSE:WIPRO, BOM:507685) and NTPC (NSE:NTPC, BOM:532555) were the top laggards.In corporate news, GAIL (India) (NSE:GAIL, BOM:532155) has entered into a memorandum of understanding with Petron Scientech to explore jointly setting up a 500,000 tons per annum (KTA) bio-ethylene plant along with its downstream units in India, according to a Thursday filing with the stock exchanges.Meanwhile, Central Bank of India (NSE:CENTRALBK, BOM:532885) entered into a co-lending partnership with non-banking finance company Piramal Capital and Housing Finance to offer loan against property for Micro, Small and Medium Enterprises (MSME) and home loans at competitive rates, according to a Thursday filing with the bourses.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2461394807"}