Sensex, Nifty Rise After US Jobs Data

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Sensex, Nifty Rise After US Jobs Data

(RTTNews) - Indian shares opened on a positive note Monday as new jobs data underscored the strength of the U.S. labor market and economy but prompted traders to scale down their rate cut expectations.

The benchmark S&P BSE Sensex rose 363 points, or half a percent, to 74,611 in early trade while the broader NSE Nifty index was up 91 points, or 0.40 percent, at 22,605. Voltas soared nearly 10 percent after an update that the company registered its highest-ever air conditioner sale of 2 million units in FY24.

Adani Green Energy rallied 2.5 percent after unveiling expansion plans.

Tata Steel rose about 1 percent after posting record annual crude steel output in 2023/24.

State-run oil marketing companies BPCL, HPCL and IOC climbed 1-2 percent, tracking a sharp fall in oil prices as Israel withdrew soldiers from southern Gaza amid talks for a potential ceasefire.

Vodafone Idea fell more than 2 percent after its board approved a proposal to raise Rs. 2,075 crores via a preferential share issue to a Aditya Birla Group entity.

Wipro dropped 1 percent as Thierry Delaporte resigned as its CEO.

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Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

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European Stocks Close Lower On Geopolitical Tensions

European Stocks Close Lower On Geopolitical Tensions

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Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

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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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