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HINDALCO - Hindalco Industries News Story

₹533.75 -9.1  -1.7%

Last Trade - 11:28am

Sector
Basic Materials
Size
Large Cap
Market Cap £11.80bn
Enterprise Value £16.37bn
Revenue £14.36bn
Position in Universe 44th / 3159

Indian shares hit all-time highs on Reliance, Asian markets boost

Mon 6th September, 2021 5:02am
BENGALURU, Sept 6 (Reuters) - Indian shares hit record highs
on Monday, boosted by heavyweight Reliance Industries and firmer
Asian markets after a weak U.S. jobs report raised hopes that
the Federal Reserve could continue its massive economic support
for a longer period.
    The blue-chip NSE Nifty 50 index  .NSEI  was up 0.44% at
17,399.75 by 0346 GMT and the benchmark S&P BSE Sensex  .BSESN 
climbed 0.46% to 58,394.95. Both the indexes rose more than
3.50% in their second straight week of gains last week. 
    Oil-to-telecoms conglomerate Reliance Industries Ltd
 RELI.NS  and Hindalco Industries Ltd  HALC.NS  were among the
top performers on the Nifty 50, gaining 2.4% and 1.8%,
respectively.  
    In the broader Asian market, shares edged higher as a
disappointing U.S. payrolls report promised to keep policy there
loose for longer, but also clouded the outlook for global growth
and inflation.  MKTS/GLOB 

 (Reporting by Rama Venkat in Bengaluru; editing by Uttaresh.V)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))
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