Sensex, Nifty Little Changed In Early Trade, PSU Stocks Shine
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(RTTNews) - Indian shares were flat to slightly higher on Monday, tracking mixed cues from global markets.
The benchmark S&P/BSE Sensex was up 48 points at 80,485 in early trade while the broader NSE Nifty index was up 33 points at 24,574.
Zomato rallied 3.4 percent after UBS raised its target price on the stock.
BPCL added 2.8 percent after it announced plans to invest Rs 1.7 lakh crore over the next five years.
NTPC, Shriram Finance, ONGC and Hindalco all rose around 2 percent while HDFC Life, Grasim, Mahindra & Mahindra and Apollo Hospitals Enterprise dropped 1-2 percent.
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Turkish CB Cuts Interest Rate For First Time Since Early 2023
Turkey's central bank lowered its key policy rate on Thursday, signaling a start to the easing cycle, after maintaining the key interest rate at a high level since the summer of 2023 amid the elevated inflationary pressures.
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U.S. Weekly Jobless Claims Unexpectedly Edge Slightly Lower
The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits unexpectedly edged slightly lower in the week ended December 21st. The report said initial jobless claims slipped to 219,000, a decrease of 1,000 from the previous week's unrevised level of 220,000. Economists had expected jobless claims to rise to 224,000.
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U.S. Weekly Jobless Claims Unexpectedly Edge Down To 219,000
The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits unexpectedly edged slightly lower in the week ended December 21st.
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Sensex, Nifty End Lackluster Session Little Changed
Indian shares moved in a narrow range before ending on a flat note Thursday as trading resumed after a holiday for Christmas.
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NZ Dollar Slides Against Most Majors
The New Zealand dollar weakened against most major currencies in the European session on Thursday.
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Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the European session on Thursday.
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Asian Shares Mixed In Thin Holiday Trade
Asian stocks ended mixed in thin holiday trade on Thursday while regional currencies were mostly lower against a resilient dollar and elevated Treasury yields amid uncertainty about the Federal Reserve's interest-rate path and U.S. President-elect Donald Trump's tariff threats. Oil and gold clung to modest gains in Asian trade.
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Chinese Yuan Falls To More Than 1-year Low Against U.S. Dollar
The Chinese yuan weakened against the U.S. dollar in the Asian session on Thursday.
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