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Benchmark indices ended higher on August 17 with Nifty closing above 17,900 led by PSU bank, power and Information Technology stocks.

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Oil slips to six-month low as recession fears weigh.

Oil slips to six-month low as recession fears weigh

Oil fell on Wednesday to a six-month low after a brief respite as concerns about the prospect of a global recession that would weaken demand overshadowed a report showing lower U.S. crude and gasoline stocks.

Figures on Wednesday did little to improve the economic backdrop, showing British consumer price inflation jumped to 10.1% in July, its highest since February 1982, intensifying a squeeze on households.

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02:00
USDAPI Weekly Crude Oil Stock-0.448M-0.117M2.156M
04:15NZDPPI Input (QoQ) (Q2)3.1%3.6%
04:15NZDPPI Output (QoQ) (Q2)2.4%2.6%
04:30JPYReuters Tankan Index (Aug)139
05:20JPYCore Machinery Orders (YoY) (Jun)6.5%7.5%7.4%
05:20JPYTrade Balance (Jul)-1,436.8B-1,405.0B-1,398.5B
05:20JPYImports (YoY) (Jul)47.2%45.7%46.1%
05:20JPYCore Machinery Orders (MoM) (Jun)0.9%1.3%-5.6%
05:20JPYExports (YoY) (Jul)19.0%18.2%19.3%
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