{"id":49200,"date":"2024-07-12T04:40:50","date_gmt":"2024-07-12T04:40:50","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/07\/12\/sensex-nifty-open-higher-on-fed-rate-cut-hopes\/"},"modified":"2024-07-12T04:40:50","modified_gmt":"2024-07-12T04:40:50","slug":"sensex-nifty-open-higher-on-fed-rate-cut-hopes","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/07\/12\/sensex-nifty-open-higher-on-fed-rate-cut-hopes\/","title":{"rendered":"Sensex, Nifty Open Higher On Fed Rate Cut Hopes"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares opened on a positive note Friday after data showed consumer prices surprisingly fell in June from the previous month, bolstering hopes for two Federal Reserve rate cuts this year.<\/p>\n<p>The benchmark S&amp;P BSE Sensex was up 135 points, or 0.2 percent, at 80,033 in early trade while the broader NSE Nifty index was up 53 points, or 0.2 percent, at 24,368.<\/p>\n<p>TCS rallied nearly 3 percent after reporting an 8.7 percent rise in first-quarter net profit, beating expectations. <\/p>\n<p>Peer HCL Technologies rose half a percent ahead of its earnings release. <\/p>\n<p>Infosys gained 2 percent on bagging on order from the Delaware Labour Department. <\/p>\n<p>Shipping Corporation of India surged 5.7 percent after the Union ministry of shipping reportedly proposed a joint venture between the state-run company and a public sector oil marketing company for manufacturing very large oil tankers.<\/p>\n<p>Rashtriya Chemicals &amp; Fertilizers soared 6.4 percent after its board placed a purchase order worth Rs 514.55 crore with Topsoe A\/s for the revamp of its ammonia plant.<\/p>\n<p>Oriental Rail Infrastructure jumped 5 percent on bagging a Rs 432 crore order from Indian Railways.<\/p>\n<p>SJVN added 2 percent after data showed LIC has increased its stake in the state-run hydropower company to 2.26 percent.<\/p>\n<p>Prestige Estates Projects rose 0.6 percent after releasing its Q1 sales data. <\/p>\n<p>Power Finance Corporation edged up slightly after the government appointed Sandeep Kumar as Director of Finance.<\/p>\n<p>Adani Wilmar climbed 1.1 percent after it agreed to acquire a majority stake of 67 percent in Omkar Chemical Industries in Gujarat. <\/p>\n<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Sensex, Nifty Open Higher On Fed Rate Cut Hopes<\/a><br \/>\n<br \/>2024-07-12 04:40:50<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares opened on a positive note Friday after data showed consumer prices surprisingly fell in June from the previous month, bolstering hopes for two Federal Reserve rate cuts this&#8230;<\/p>\n","protected":false},"author":2,"featured_media":49201,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1535139262971-c51845709a48?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=1950&q=80","fifu_image_alt":"","footnotes":""},"categories":[30],"tags":[],"class_list":["post-49200","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/49200","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=49200"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/49200\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/49201"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=49200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=49200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=49200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}