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Stock market update: IT stocks rise; Wipro, Infosys among top gainers in Nifty IT index

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NEW DELHI: Most IT stocks were trading with gains in Wednesday's session amid a fresh fall in rupee against the US dollar. The Nifty IT was trading 0.51 percent up at 16,075 around 11:45 am. Shares of Oracle Financial Services Software (up 1.58 percent), Wipro (up 1.13 percent), Tata Elxsi (up 0.80 percent) and Infosys (up 0.80 percent) were the top gainers in the IT index. Infibeam Avenues (up 0.60 per cent), HCL Technologies (up 0.37 per cent), Tata Consultancy Services (up 0.25 per cent), Mindtree (up 0.17 per cent) and KPIT Technologies (up 0.07 per cent) were also in the green. However, Tech Mahindra (down 0.16 percent) was in the red around that time. Benchmark NSE Nifty50 index was up 25 points at 11,312, while the BSE Sensex was up 111 points at 37,524. Among the 50 stocks in the Nifty index , 25 were trading in the green, while 25 were in the red. ITC, PowerGrid, Hindustan Unilever, Sun Pharma, and Kotak Mahindra Bank were among the top Nifty gainers . HPCL,...
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Gold subdued ahead of Fed Chair speech, G20 summit

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  Spot gold inched 0.1 percent lower to $1,221.70 per ounce at 0337 GMT.  Gold prices inched lower on Tuesday while investors awaited clues on the pace of future US interest rate hikes and as the US-China trade spat sours ahead of a G20 summit. Spot gold inched 0.1 percent lower to $1,221.70 per ounce at 0337 GMT. US gold futures were little changed at $1,222.1 per ounce. Investors will hold steady until the minutes of the Federal Reserve meeting are released and more clarity emerges around the trade conflict leading into the G20 summit, said ANZ analyst Daniel Hynes. In an interview with the Wall Street Journal, US President Donald Trump said he expects to move ahead with raising tariffs on $200 billion in Chinese imports to 25 percent from the current 10 percent, and repeated his threat to slap tariffs on all remaining imports from Chin a. The comments ran counter to recent speculation about a possible deal when Trump meets with Chinese President Xi Jinp...
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Sensex gains 200 points, Nifty above 10,700; YES Bank slips 4%

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NEW DELHI: -   Positive global sentiment, due to hopes of a possible truce between the US and China on the trade war front, helped domestic equity benchmarks Sensex and Nifty open Wednesday's session in the positive territory.    White House economic adviser Larry Kudlow confirmed a dinner powwow between Trump and his Chinese counterpart Xi Jinping at the G20 gathering in Argentina. He also held open the possibility that the two countries would reach a trade deal, Reuters reported.  Investors now await Federal Reserve Chair Jerome Powell's speech on Wednesday for clues on future rate hikes by the central bank.  Sensex jumped nearly 200 points in early deals and Nifty hovered above 10,730 with buying in most sectors.   Around 9:30 am, the BSE Sensex was 172 points, or 0.48 percent up at 35,685, while Nifty was 32 points or 0.30 percent up at 10,717.  Midcaps and smallcaps were underperforming benchmark Sensex at that time.  ...
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