Indian stock markets closed with slight losses on Thursday as investors awaited the release of the US monthly jobs report, scheduled for Friday. Economic indicators such as jobless claims and non-farm payroll data will influence the US Federal Reserve’s decision on whether to cut key interest rates.
At the close, the BSE Sensex dropped 151.48 points, or 0.1%, to 82,201.16, while the NSE Nifty 50 slipped 53.60 points, or 0.2%, to 25,145.10.
Cipla (NSE, BOM:500087) led the losers on Thursday, with shares falling more than 1%, followed by Reliance Industries (NSE, BOM:500325) and Dr. Reddy’s Laboratories (NSE, BOM:500124). On the other hand, Titan (NSE, BOM:500114), LTIMindtree (NSE, BOM:540005), and Wipro (NSE, BOM:507685) were among the top gainers.
In corporate news, Bharti Airtel (NSE, BOM:532454) has deployed additional spectrum in Assam and Northeast India, enhancing data speeds in the region, according to a press release filed with the stock exchanges on Thursday.
Meanwhile, gaming and esports company Nazara Technologies (NSE, BOM:543280) signed a memorandum of understanding (MoU) with the State Government of Telangana, India, to establish an AI Center of Excellence (AI CoE) focused on gaming and digital entertainment, according to a Thursday filing to the stock exchanges.
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