Sensex, Nifty End Modestly Higher Ahead Of FOMC Minutes

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Sensex, Nifty End Modestly Higher Ahead Of FOMC Minutes

(RTTNews) - Indian shares eked out modest gains on Wednesday, with IT, realty and FMCG stocks leading the charge.

Global cues were mixed as investors waited for cues from AI chip leader Nvidia's earnings and the release of minutes of the Federal Reserve's recent meeting.

Following recent hawkish comments from several Federal Reserve officials, the minutes may shed additional light on the officials' thinking with regard to the outlook for rates.

Oil prices fell over 1 percent in European trade on demand concerns, helping underpin investor sentiment to some extent.

The benchmark S&P BSE Sensex ended the session up 267.75 points, or 0.36 percent, at 74,221.06 while the broader NSE Nifty index rose 68.75 points, or 0.31 percent, to 22,597.80.

Reliance Industries, Coal India, Hindustan Unilever, Tata Consumer Products and Cipla rallied 2-3 percent in the Nifty pack while Hero MotoCorp, Hindalco, Apollo Hospitals Enterprise and Shriram Finance all fell over 1 percent.

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U.S. Dollar Falls Against Most Majors

U.S. Dollar Falls Against Most Majors

The U.S. dollar weakened against its most major counterparts in the New York session on Friday.
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German Inflation Accelerates To 2.2% In August

German Inflation Accelerates To 2.2% In August

Consumer price inflation in Germany climbed in August to its highest level in five months, while the core figure was steady amid an acceleration in food price growth, and weakened chances for further easing from the European Central Bank in the near term.
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Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.
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European Stocks Close Lower On Geopolitical Tensions

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.
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Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
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U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
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