Sensex up 442 points Dinamalar

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Trading in the Indian stock markets started with declines and ended with gains.

At the end of today’s (September 5) trading hours, the Mumbai stock market index Sensex closed at 59,245 points with a gain of 442 points, while the national stock market index Nifty closed at 17,665 points, up 126 points. Reliance, metals and banking sector stocks rose.

India’s service sector activity grew at a strong pace in August. Hiring activity in the services sector was at a 14-year low, according to a Reuters survey. Strong growth is seen in the services and manufacturing sectors. However, it is questionable whether the growth trend will continue in the coming quarter due to inflation, volatility etc.

European stock markets opened lower after Russia announced an indefinite extension of its ban on gas pipelines to European countries. There, rising fuel prices have raised concerns that prices may rise further.

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