Sensex, Nifty Modestly Higher In Early Trade; Metal Stocks Outperform

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Sensex, Nifty Modestly Higher In Early Trade; Metal Stocks Outperform

(RTTNews) - Indian shares opened a tad higher on Monday despite weak cues from the U.S. and European markets.

The benchmark S&P BSE Sensex edged up 205 points, or 0.3 percent, to 61,045 in early trade, while the broader NSE Nifty index was up 54 points, or 0.3 percent, at 18,159.

Tata Steel, Hindalco and SAIL climbed 2-3 percent after China announced to raise export duty on metals.

PNB gained 1.7 percent after hiking interest rates on savings accounts and fixed deposits.

Hero MotoCorp edged down slightly after it commenced deliveries of Vida V1 electric scooter.

Tata Motors added 1.7 percent after reporting a 14 percent increase in total sales for the December quarter.

Maruti Suzuki India rose half a percent after unveiling its monthly sales figures.

DLF rose about 1 percent on news it would take legal action against New Okhla Industrial Development Authority's (Noida) demand for payment of over Rs 234 crore in connection with a dispute over a parcel of land.

HG Infra Engineering gained 1 percent after it emerged as the lowest bidder for a DMRC (Delhi Metro Rail Corporation) project.

REC rallied 1.6 percent as it received board approval for the sale of its entire shareholding in WRSR Power Transmission to Adani Transmission.

Religare Enterprises jumped 2 percent after its NBFC arm Religare Finvest made a one-time settlement on outstanding dues with 16 lenders.

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Australia Wage Price Data Due On Wednesday

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RTTNews | il y a 37 minutes
U.S. Small Business Confidence Improves In July - NFIB

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Swiss Market Settles Marginally Higher

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The Switzerland market ended marginally up on Tuesday after a choppy ride, with investors mostly making their moves, reacting to recent earnings updates.
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European Stocks Close Broadly Higher On Fed Rate Cut Hopes, Easing Trading Tensions

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European stocks closed broadly higher on Tuesday amid easing trade tensions after the U.S. extended its pause on higher tariffs for Chinese goods until November 10, averting an immediate escalation in the trade war. Expectations of a rate cut by the Federal Reserve in September contributed as well to the positive show by most of the markets in Europe.
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Canadian Market Modestly Higher

Canadian Market Modestly Higher

The Canadian market is up in positive territory around early afternoon on Tuesday, supported by gains in communications, healthcare, financials and technology sectors. Easing trade tensions, and expectations of an interest rate cut by the Federal Reserve next month appear to be aiding sentiment.
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UK Labor Market Cools In Q2

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The U.K. labor market softened in the second quarter as wage growth eased, the unemployment rate held steady at a four-year high and job vacancies continued to decline sharply, official data revealed on Tuesday. The ILO jobless rate held steady at 4.7 percent in the second quarter, figures from the Office for National Statistics revealed and was in line with expectations.
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U.S. Consumer Prices Increase 0.2% In July, In Line With Estimates

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Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to a report released by the Labor Department on Tuesday. The Labor Department said its consumer price index rose by 0.2 percent in July after climbing by 0.3 percent in June. The modest increase matched expectations.
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