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Stock impact report

Indian shares surge to new highs as Powell hints at rate slowdown [Reuters]

Spirit Aerosystems Holdings, Inc. (SPR) 
Last spirit aerosystems holdings, inc. earnings: 2/28 07:30 am Check Earnings Report
US:NYSE Investor Relations: investor.spiritaero.com
Company Research Source: Reuters
BENGALURU, Dec 1 (Reuters) - Indian shares rose to new highs at the open on Thursday, tracking the sharp gains in global equities after Federal Reserve Chair Jerome Powell hinted at slowing the pace of interest rate hikes "as soon as December." The S&P BSE Sensex (.BSESN) rose 0.67% to a record high of 63,520.64, as of 09:25 a.m. IST. The NSE Nifty 50 index (.NSEI) gained 0.63% to hit fresh record peak of 18,875.40. Nifty IT (.NIFTYIT) was the top sectoral gainer, rising over 2.1% to a near-seven-month high, mirroring the overnight surge in tech-heavy Nasdaq Composite (.IXIC) Nifty SmallCap 100 (.NIFSMCP100) mirrored its broader peers, adding 0.6%, while Nifty MidCap 100 (.NIFMDCP100) underperformed, rising 0.3% Wall Street equities closed sharply higher overnight on Wednesday and the dollar weakened, after Powell remarked it made sense to moderate the pace of rate hikes, while cautioning the fight against inflation was far from over. read more Asian markets also rose in re Show less Read more
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