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Business News/ Markets / Live Blog/  Indices soar, Sensex ends above 58,000, Nifty tops 17,300; Autos, Banks lead

Indices soar, Sensex ends above 58,000, Nifty tops 17,300; Autos, Banks lead

Share Market Close: Indices continued their rally on Monday and gained 1% in today's session. Sensex was up 545 points and Nifty 181 points. M&M and Tata Motors gained more than 6%, whereas Sun Pharma lost 2.5%.

Stock Market Today: Indices may continue to rally (Abhijit Bhatlekar/Mint)Premium
Stock Market Today: Indices may continue to rally (Abhijit Bhatlekar/Mint)

Indian and other Asian indices ended in the green zone today. Chinese and Hong Kong opened in red but picked up in the latter half, whereas Nikkei closed at a 2-week high. European stocks also started the morning in green.

01 Aug 2022, 07:44:51 AM IST

RIL’s retail arm on a hiring overdrive

Reliance Industries Ltd’s retail arm is scouting for as many as 200 senior executives, vice-president level and above, with annual salaries of 1 crore or more and thousands of other junior and mid-level executives, recruiters said. Reliance Retail added over 17,000 jobs in the quarter for a total of 379,000, according to its latest earnings announcement

01 Aug 2022, 07:31:46 AM IST

Tokyo shares open slightly higher; China, Hong Kong index in red.

Tokyo stocks edged up in early trade on Monday, extending rallies on Wall Street as traders eyed upcoming corporate earnings. The benchmark Nikkei 225 index gained 0.05%, or 14.52 points, to 27,816.16 at the open, while the broader Topix index added 0.14%, or 2.63 points, to 1,942.94.

Shanghai Composite and Hang Seng index opened in red and were down 0.2% and 1%, respectively.

01 Aug 2022, 07:30:14 AM IST

Big tech, oil extend Wall Street's mid-summer rebound

U.S. stocks extended their mid-summer rebound on Friday, with the dollar and some longer-term Treasury yields dipping, as Wall Street cheered positive corporate news in spite of increased labour costs and other indicators of continued inflation.

The Dow Jones Industrial Average (.DJI) rose around 1%, the S&P 500 (.SPX) gained about 1.4% and the Nasdaq Composite (.IXIC) added nearly 2%. The S&P 500 and Nasdaq have now posted their biggest monthly percentage gains since 2020.

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