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	Podcast:		Stock Market Updates
	Episode:		Market Savera 09/08/2024
	Category:		Business
	Duration:		00:01:52
	Publish Date:		2024-08-09 03:20:15
	Description:		All three major US stock indexes closed higher on Thursday for the second time in the past three sessions, powered by weekly jobless claims that gave investors hope the U.S. labor market can continue to hold up. This data soothed concerns over a U.S. economic recession. GAIL signs MoU for a stake in Rajasthan Gov’s power plants Metro Brands Limited announces strategic partnership with New Era Cap Blackstone to sell 330 mn units in Nexus Select Trust for nearly Rs 4500 cr Asian shares extended a rebound on Wall Street, after signs of resilience in the US labor market eased concerns about a recession. Japan's Nikkei rose another 1.7% on Friday, tracking a strong rebound on Wall Street overnight. It erased most of a 13% crash on Monday and was set for a weekly drop of just 1.5%. Nifty erased its initial gains on August 08 after the monetary policy maintained status quo and ended lower. At close, Nifty was down 0.74% or 180.5 points at 24117. Nifty could stay in the 23894-24343 band for the near term. Indian markets could open higher, in line with higher Asian markets today and positive US markets on Aug 08
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