Tue, Feb 6, 2024 12:26 AM
Estee Lauder to cut jobs on skittish China demand; shares surge 19%
A Flip by Shubhangi Gupta
Indian stock markets surged on Mon, with Nifty 50 index and S&P BSE Sensex rising 1.32% & 1.25%, respectively, driven by Maharashtra Assembly Election results, with Nifty Bank gaining 2.10% and Realty Oil & Gas contributing to the rally. Sumeet Bagadia, & Ganesh Dongre has suggested these 5 stock ideas, 📌Federal Bank Ltd, 📌DOMS Industries Ltd, 📌CIPLA Ltd, 📌Petronet LNG Ltd & 📌CONCOR.
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📌Nifty 50 ended the previous trade session 2,055.45 points away from its record high of 26,277.35. 📌Overnight, Wall Street indices ended higher, with Dow Jones, S&P 500, Russell 2000 hitting fresh highs. However, Asian equities were trading lower in early trade today. 📌Power Grid, IDFC First Bank, Wipro, LT Foods, Adani Group stocks, Zomato and others, are among the stocks in focus today.
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Asian shares fell with benchmarks declining in Japan, Australia and South Korea. In posts to his Truth Social network on Monday, Trump claimed China had failed to follow through on promises to crack down on drugs, and the levies on Mexico and Canada were needed to clamp down on migrants and illegal drugs flowing into the US. Treasuries fell.
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