Sensex, Nifty Open Lower; IT Stocks Buck Weak Trend

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Sensex, Nifty Open Lower; IT Stocks Buck Weak Trend

(RTTNews) - Indian shares opened on a subdued note Tuesday, tracking mixed cues from global markets amid prevailing uncertainty about U.S. President Donald Trump's tariff plans.

The benchmark S&P/BSE Sensex was down 178 points, or 0.2 percent, at 75,819 while the broader NSE Nifty index dipped 74 points, or 0.3 percent, to 22,885.

Tata Steel, Shriram Finance, BEL, BPCL and Grasim all fell around 2 percent while IT stocks such as Infosys, Wipro and Tech Mahindra were up around 1 percent each on expectations that a weakening rupee will boost their profit margins.

Bharti Airtel edged down slightly after one of its promoter entities, Indian Continent Investment, announced plans to offload a 0.8 percent stake through a block deal.

SBI Cards fell about 1 percent after appointing a new MD and CEO.

ABB India rallied 3.6 percent on robust quarterly results.

Gabriel India tumbled 3.2 percent after it has entered into a license agreement with Marelli Suspension Systems Italy S.p.A.

Zomato dropped 1 percent on news it is venturing into AI-driven customer support.

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German Inflation Accelerates To 2.2% In August

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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

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Chicago Business Barometer Slumps Much More Than Expected In August

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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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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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