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Nifty IT rose +499.20 at 37,813, driven by strong gains in HCLTech, Infosys and TCS. Nifty 50 hit high of 24,401.00 points, breaking out of a sideways consolidation movement. Stock market indices are at record highs, driven by strong gains in the IT sector and positive global cues. Nifty IT rose key point: Global markets Read more: Nifty IT rose, IT Sector shining, Nifty 50 and Sensex boosting..
July 3, 2024, US Stock Market – The Global equities rose while the US dollar weakened. This was largely due to softer-than-expected labor market data, which led investors to anticipate potential interest rate cuts by the Federal Reserve later this year. Global Equities rose due to softer-than-expected labor market data U.S. Labor Department data showed Read more: Global Equities rose, while US Dollar weakened amid soft labor market data..
Shell has announced a temporary pause in the on-site construction of its 820,000-tonne-a-year biofuels facility at the Shell Energy and Chemicals Park Rotterdam in the Netherlands. The decision was made to reassess project delivery and ensure future competitiveness in light of current market conditions. The Reason for pause Nederland biofuels facility is that Shell aims Read more: Shell to temporarily pause on-site construction of Nederland biofuels facility..