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Indian stock markets, having shown resilience so far, will open on Thursday amid unabated concerns over central banks around the globe stepping up their fight against inflation.
That dragged U.S. stocks lower on the final day of August. The S&P 500 and the Nasdaq 100 fell, after fluctuating between modest gains and losses for most of the session. Treasuries were little changed after paring declines that were led by a selloff in U.K. and euro-zone bonds.
The Indian markets were closed on account of Ganesh Chaturthi holiday. On Tuesday, domestic benchmarks had sustained gains, rising over 2.5% aided by realty and banking stocks.
The 30-stock gauge added about 1,560 points to close at 59,537.07. The Nifty 50 ended 17,759.3, close to its day’s high of 17,777.65. All Nifty 50 and Sensex 30 stocks rose in today’s trade.
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Image and article originally from www.bqprime.com. Read the original article here.