Nifty nears 21,000, Sensex 70,000 as rally enters Day 7
Business Standard|December 07, 2023
Domestic equity benchmarks achieved fresh highs on Wednesday after weak jobs data in the US renewed hopes for rate cuts by the US Federal Reserve (Fed).
SUNDAR SETHURAMAN
Nifty nears 21,000, Sensex 70,000 as rally enters Day 7

Continuing its upward trend for the seventh consecutive day, the S&P BSE Sensex concluded the session at 69,654, gaining 358 points, or 0.5 per cent. The National Stock Exchange Nifty ended the session at 20,938, earning 83 points, or 0.4 per cent.

Job openings in the US fell to a more than 2.5-year low in October. On Tuesday, the US Department of Labor's Job Openings and Labor Turnover Survey, revealed that there were 1.34 vacancies for every unemployed person in October, up from 1.47 in the previous month and the lowest since August 2021.

Job openings fell by 617,000 to 8.73 million in October, the lowest level since March 2021, and down from 9.35 million in September.

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