Sensex, Nifty Climb On Strong Global Cues; Cipla And ICICI Bank Top Gainers

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Sensex, Nifty Climb On Strong Global Cues; Cipla And ICICI Bank Top Gainers

(RTTNews) - Indian shares opened on a buoyant note Tuesday, tracking strong cues from global markets.

The benchmark S&P BSE Sensex was up 515 points, or 0.7 percent, at 71,939 in early trade, while the broader NSE Nifty index was up 154 points, or 0.7 percent, at 21,725.

Cipla soared 6.5 percent on posting 32 percent growth in profit for Q3 FY24.

Power Grid Corp, Bharti Airtel and Sun Pharma climbed 2-3 percent.

Paytm added 1 percent after narrowing its Q3 loss.

Tata Steel rose 0.6 percent after its board approved allotment of 8.65 crore shares to the eligible shareholders of Tinplate Company.

Reliance Industries and Kotak Mahindra both edged up slightly, and ICICI Bank jumped 3.3 percent, while Hindustan Unilever fell 1.3 percent and Colgate Palmolive shed 0.6 percent after declaring their quarterly earnings results.

Zee Entertainment Enterprises plunged 10 percent after a merger deal with the Sony Group collapsed.

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European Stocks Close On Mixed Note Again

European Stocks Close On Mixed Note Again

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Eurozone Consumer Confidence Weakens More Than Expected In August

Eurozone Consumer Confidence Weakens More Than Expected In August

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U.S. Leading Economic Index Edges Down In Line With Estimates In July

U.S. Leading Economic Index Edges Down In Line With Estimates In July

A reading on leading U.S. economic indicators edged slightly lower in the month of July, according to a report released by the Conference Board on Thursday. The Conference Board said leading economic index slipped by 0.1 percent in July after falling by 0.3 percent in June. The modest decrease matched economist estimates.
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U.S. Existing Home Sales Unexpectedly Rebound In July

U.S. Existing Home Sales Unexpectedly Rebound In July

The National Association of Realtors released a report on Thursday showing an unexpected rebound by existing home sales in the U.S. in the month of July. The report said existing home sales jumped by 2.0 percent to an annual rate of 4.01 million in July after tumbling by 2.7 percent to an annual rate of 3.93 million in June.
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Philly Fed Index Unexpectedly Returns To Negative Territory In August

Philly Fed Index Unexpectedly Returns To Negative Territory In August

Manufacturing activity in the Philadelphia area has weakened in the month of August, the Federal Reserve Bank of Philadelphia revealed in a report released on Thursday. The Philly Fed said its diffusion index for current general activity tumbled to a negative 0.3 in August from a positive 15.9 in July, with a negative reading indicating contraction.
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U.S. Jobless Claims Rise More Than Expected To 235,000

U.S. Jobless Claims Rise More Than Expected To 235,000

First-time claims for U.S. unemployment benefits rose by much more than expected in the week ended August 16th, according to a repot released by the Labor Department on Thursday. The report said initial jobless claims climbed to 235,000, an increase of 11,000 from the previous week's unrevised level of 224,000. Economists had expected jobless claims to inch up to 225,000.
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Euro, Pound Rises After Eurozone, U.K. PMI Reports

Euro, Pound Rises After Eurozone, U.K. PMI Reports

The European currency abd British pound strengthened against other major currencies in the European session on Thursday, after the release of Purchasing Managers' index data from both economies.
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