Sensex, Nifty Open Higher As Metal Stocks Gain On China Optimism

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Sensex, Nifty Open Higher As Metal Stocks Gain On China Optimism

(RTTNews) - Indian shares opened a tad higher on Tuesday, with metal stocks leading the surge on optimism around China's economic recovery. Tata Steel and JSW Steel both rose over 1 percent.

The benchmark S&P/BSE Sensex was up 138 points, or 0.2 percent, at 60,830 in early trade, while the broader NSE Nifty index was up 50 points, or 0.3 percent, at 17,894.

ACC rose half a percent and Ambuja jumped nearly 3 percent on news that both companies will resume operations at Gagal and Darlaghat plants in Himachal Pradesh today.

BEML gained 2 percent on signing a pact with Delhi Metro Rail Corporation for constructing the Bahrain Metro Rail Project phase-1.

Adani Ports advanced 2.5 percent on reports it has paid Rs. 1,500 crore loan on Monday and promised to repay more in March.

Asian Paints fell 0.7 percent after signing a pact with the Gujarat government to set up a manufacturing facility in Dahej.

Wipro declined half a percent on news it has cut freshers' pay by 50 percent.

Vedanta rose half a percent. The government has opposed its proposal to sell its international zinc business to Hindustan Zinc Ltd for USD 2.98 billion, citing valuation concerns.

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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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German Unemployment Exceeds 3 Mln

German Unemployment Exceeds 3 Mln

Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1
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