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Sensex jumps over 350 pts, Nifty above 26,250 as earnings buzz builds
The Economic Times· 2026-01-02 04:03
The On the 30-stock Sensex, shares of Auto stocks outperformed, with the sector index rising 0.8%, buoyed by gains of about 2% in slid 5%, extending a steep selloff after a 10% drop in the previous session, as a string of brokerage downgrades flagged pressure on earnings from the government’s cigarette tax increase. The decline in ITC weighed on the fast-moving consumer goods index, which fell 1.4%.Live EventsBroader market sentiment was mildly positive, with small-cap stocks up 0.2% and mid-cap shares ad ...
Futures Pointing To Roughly Flat Open On Wall Street
RTTNews· 2025-10-07 12:51
Market Overview - Major U.S. index futures indicate a flat open on Tuesday, with stocks showing a lack of direction after a mostly higher previous session [1] - Traders are cautious due to the ongoing government shutdown and the absence of significant U.S. economic data [2][6] Stock Performance - Stocks moved mostly higher on Monday, with the Nasdaq and S&P 500 reaching new record closing highs; Nasdaq rose by 161.81 points (0.7%) to 22,941.67 and S&P 500 increased by 24.49 points (0.4%) to 6,740.28, while the Dow fell by 63.31 points (0.1%) to 46,694.97 [3] - Semiconductor stocks led the rally, with the Philadelphia Semiconductor index surging by 2.9% to a record closing high, driven by Advanced Micro Devices (AMD) which soared by 23.7% following a significant agreement with OpenAI [4] Commodity and Currency Markets - Crude oil futures decreased by $0.13 to $61.56 per barrel after a previous increase [7] - Gold futures rose by $11.70 to $3,988 per ounce after a prior surge [7] - The U.S. dollar traded at 159.88 yen and $1.1664 against the euro, showing fluctuations compared to previous trading sessions [7] Asian Market Insights - Asian stocks ended mixed, with Japanese markets flat despite data showing household spending rose faster than expected; the Nikkei 225 Index ended at 47,950.88 [8][9] - Australian markets declined, with the S&P/ASX 200 Index slipping 0.3% to 8,956.80 amid falling consumer confidence [10][11] European Market Developments - European shares were subdued due to a political crisis in France and weak factory orders data from Germany; German factory orders decreased by 0.8% in August [12][13] - Healthcare stocks in Europe faced declines, while British oil giant Shell rose nearly 2% after updating its outlook [14][15]