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Sensex, Nifty Marginally Higher In Early Trade; Bajaj Finance Shares Slip Over 2%
(RTTNews) - Indian shares were marginally higher on Thursday after a sharp rally in the previous session on hopes that the Fed may be done hiking interest rates.
The benchmark S&P BSE Sensex was up 50 points, or 0.1 percent, at 55,726 in early trade while the broader NSE Nifty index was up 13 points at 19,688.
TCS, Hero MotoCorp, ONGC, BPCL and NTPC rose 1-2 percent while Bajaj Finance fell 2.2 percent after the RBI asked the company to stop disbursing loans through two of its lending products.
Hindalco, JSW Steel and Adani Enterprises all were down around 1 percent.
Dabur India gained 1 percent after two of its overseas subsidiaries have been dismissed from a lawsuit in the United States.
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Japanese Market Significantly Higher
The Japanese stock market is trading significantly higher on Monday, extending the gains in the previous session, following the broadly positive cues from Wall Street on Friday, with the Nikkei 225 moving above the 38,100 level, with gains across most sectors led by index heavyweights and financial stocks.
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Sensex, Nifty Set For Positive Start
Indian shares look set to open on a positive note Monday, tracking mostly positive cues from global markets. That said, volatility cannot be ruled out, heading into a data-heavy week both domestically and globally.
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China Consumer Prices Slip 0.1% On Year In May
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Rebound Anticipated For Hong Kong Stock Market
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Win Streak May Continue For China Stock Market
The China stock market has finished higher in four straight sessions, advancing more than 35 points or 1.1 percent along the way. The Shanghai Composite Index now sits just above the 3,385-point plateau and it may add to its winnings again on Monday.
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Taiwan Shares Tipped To Open To The Upside On Monday
The Taiwan stock market on Friday halted the three-day winning streak in which it had jumped almost 680 points or 3.2 percent. The Taiwan Stock Exchange now sits just above the 21,660-point plateau although it's likely to find renewed support on Monday.
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Japan Has Y2.258 Trillion Current Account Surplus In April
Japan posted a current account surplus of 2.258 trillion yen in April, the Ministry of Finance said on Monday.
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