On Friday, Indian stocks experienced significant declines as data from U.S. private payrolls indicated the weakest growth since 2021, amplifying concerns over a potential slowdown in the labor market.Attention now shifts to the forthcoming Eurozone GDP data and the critical U.S. jobs report, both expected later in the day.The benchmark S&P BSE Sensex dropped by 450 points, or 0.6 percent, to 81,747. Meanwhile, the broader NSE Nifty index decreased by 126 points, or 0.5 percent, to 25,019.Reliance Industries saw a 1.1 percent decline following the board’s approval of a 1:1 bonus issue. ONGC fell by 1 percent, and Oil India decreased by 1.7 percent as oil prices hit their lowest levels since January.UltraTech Cement, Coal India, and SBI all registered declines between 1 and 2 percent.Conversely, Bajaj Finance rose by 1.6 percent, and LTIMindTree increased by 1.2 percent.Godfrey Phillips gained 1.3 percent after the High Court permitted Bina Modi to vote in the AGM amid an ongoing family dispute.Pidilite Industries saw a rise of approximately 1 percent following the announcement of an exclusive distribution agreement with CollTech Group.The material has been provided by InstaForex Company – www.instaforex.com
- Roche’s Xofluza Reduces Influenza Transmission In Phase III Study - September 19, 2024
- UK Car Registrations Plummet in August, Marking a Sharp Year-over-Year Decline - September 19, 2024
- Germany’s Car Registrations Plummet by Nearly 28% Year-Over-Year in August 2024 - September 19, 2024
