Sensex, Nifty Finish Marginally Lower Ahead Of US Jobs Report

RTTNews | Pred 973 dňami
Sensex, Nifty Finish Marginally Lower Ahead Of US Jobs Report

(RTTNews) - Indian shares ended little changed on Friday as investors digested hawkish comments from some Fed officials and awaited a key U.S. jobs report due later in the day for further clarity on the rate outlook.

The rupee weakened to a new low today after comments from a slew of Fed officials suggested they have no intention of backing down from the most aggressive rate hike campaign in decades.

Oil prices continued to rise and headed for a second weekly gain following OPEC's controversial move to cut oil production by two million barrels a day.

The benchmark S&P BSE Sensex hit a high of 58,269.34 and a low of 57,851.15 before ending the session down 30.81 points, or 0.05 percent at 58,191.29.

The broader NSE Nifty index settled down 17.15 points, or 0.1 percent, at 17,314.65.

SBI, UltraTech Cement, Mahindra & Mahindra, BPCL and Tata Consumer Products fell 1-2 percent in the Nifty pack, while Titan Company shares surged 5.3 percent after the jewelry and watchmaker reported strong growth in sales for September quarter.

ONGC, NTPC, Grasim and Power Grid Corp all rose over 1 percent.

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U.S. Dollar Higher After Strong Jobs Data

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Swiss Market Ends Modestly Higher

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CPSC Recalls: 3.8 Mln Dumbbells, 1.7 Mln Air Conditioners, Golf Cars, CO Detectors, Casters, E-Bikes

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Canadian stocks are up in positive territory in late morning trade on Friday, amid slightly easing concerns about tariffs following somewhat encouraging phone calls between the U.S. President Donald Trump and Chinese Premier Xi. Investors are also digesting the nation's jobs data, as well the non-farm payrolls data from the U.S.
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U.S. Job Growth Slightly Exceeds Estimates In May

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Employment in the U.S. increased by slightly more than expected in the month of May, according to a report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment shot up by 139,000 jobs in May after jumping by a downwardly revised 147,000 jobs in April.
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Bay Street May Open Slightly Higher; U.S., Canadian Jobs Data In Focus

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Higher Canadian and U.S. futures point to a slightly positive start on Bay Street Friday morning. The focus is on the crucial jobs data from Canada as well as the U.S. Lingering concerns about trade tensions may weigh on sentiment and limit market's upside.
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