USBpH

U.S. Bancorp Depositary Shares repstg 1/1000th Pfd Ser B

19.0900
USD
-0.31%
19.0900
USD
-0.31%
17.4400 24.8400
52 weeks
52 weeks

Mkt Cap 766.00M

Shares Out 40.00M

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Indian shares rise on IT, metal boost; set for weekly loss

BENGALURU, Aug 26 (Reuters) - Indian shares opened higher on Friday, lifted by gains in tech and metal stocks after an overnight rally on Wall Street, but were headed for their first weekly loss in six. The NSE Nifty 50 index .NSEI was up 0.81% at 17,663.85, as of 0400 GMT, while the S&P BSE Sensex .BSESN gained 0.8% at 59,245.16. The indexes are on course for a weekly loss of over 1%, after five straight weeks of gains. The Nifty IT index .NIFTYIT climbed 1.6% after four straight sessions of losses, while the Nifty Metal index .NIFTYMET added 2%. However, investors are likely to be cautious ahead of the U.S. Federal Reserve's annual monetary policy conference, looking for clues on how much higher U.S. interest rates would need to go and for how long. (Reporting by Chris Thomas in Bengaluru Editing by Dhanya Ann Thoppil) ((chris.thomas@thomsonreuters.com; +91 80 6210 0487;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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