Stocks Keep Up Summer Rally Ahead of Inflation Data
Broad index sees largest four-day advance since April
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Broad index sees largest four-day advance since April
Losses in RIL, ICICI Bank and Airtel, and foreign fund outflows restricted gains
From the Sensex pack, Tata Motors, Tech Mahindra, NTPC, Power Grid, Jio Financial Services Ltd, Wipro, HCL Technologies and HDFC Bank were among the major gainers.
On Monday, August 28, the U.S. markets closed higher, with most sectors on the S&P 500 closing on a positive note. The manufacturing general business activity index for Texas, as reported by the Federal Reserve Bank of Dallas, increased to -17.2 in August, surpassing the anticipated value of -21.6.
The BSE Sensex climbed 177.63 points to 65,064.14 in early trade. The NSE Nifty gained 62.2 points to 19,328.