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U.S. stocks finished mostly lower on Wednesday, with the S&P 500 and Nasdaq closing lower for the fourth time in the past five sessions, as investors continued to focus on the prospect of an economic slowdown. The 10-year yield dropped 7.6 basis points to 3.768% or the lowest level since July 19, 2023.
U.S. manufacturing data helped trigger a widespread selloff.
Oil futures settled lower on Wednesday, with U.S. benchmark prices dipping below $70 a barrel for the first time since December
Reliance wins bid for 10 GWh of battery manufacturing capacity under PLI scheme
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Asian stocks rose on Thursday after a global selloff as traders awaited this week’s US payrolls data to gauge the extent of the Federal Reserve’s easing.
Nifty opened sharply lower on the back of weak global markets. Markets went on to make a smart recovery of 155 points from the day’s low and closed at 25198 with a loss of 81 points or 0.32%. Nifty found support near the previous swing high of 25078, registered on 1st Aug 2024 and reversed north. The band of 25000-25078 is expected to provide support to the Nifty, while 25300-25350 band could offer resistance in the near term.
Indian markets could open higher, in line with mostly higher Asian markets today and despite mostly negative US markets on Sept 04
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The Dow Jones Industrial Average logged a record close on Monday, as U.S. Treasury bonds saw their biggest rally in nearly four months after President-elect Donald Trump selected Scott Bessent as his nominee for Treasury secretary.
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