Sensex Today | Share Market Live Updates: Sensex, Nifty to start on stable note; Gift Nifty in green

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₹7,998 crore worth of Indian equities and offloaded a total of ₹6,024 crore as of October 6, according to the NSDL data.Wall Street rallied on Friday after looking deeper into the nuances of a surprisingly strong report on the U.S. job market.

Among the potentially encouraging signals, workers’ average wages rose at a slower rate in September than economists expected.Wall Street rallied in a whipsaw Friday and erased its morning losses after looking deeper into the nuances of a surprisingly strong report on the U.S. job market.The S&P 500 climbed 1.2% after charging back from an earlier drop of 0.9%.

The Dow Jones Industrial Average rose 288 points, or 0.9%, and the Nasdaq composite flipped to a gain of 1.6%.Stocks initially tumbled after a report showed U.S. employers added nearly twice as many jobs last month as economists expected.

The strength raised worries that a too-hot job market could keep upward pressure on inflation, which in turn could push the Federal Reserve to keep interest rates higher than investors want.Treasury yields leaped following the release of the report, and the yield on the 10-year Treasury again soared to its highest level since 2007. It was at 4.78%, up from 4.72% late Thursday.Among the potentially encouraging signals for the Fed: Workers’ average wages rose at a slower rate in September than economists expected.

While that’s discouraging for workers trying to keep up with inflation, it could remove some inclination by companies to keep raising prices for their products. (AP) Download the App to get 14 days of unlimited access to Mint Premium absolutely free! Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!