Picture : ANI/X ( Purely Representational Purpose Only)
Equity benchmark indices Sensex and Nifty bounced back to end with remarkable gains despite starting on a weak note driven by a buying rush in services and telecom shares amid optimism on a US-India trade deal.
According to media report The 30-share BSE Sensex began the trade on a negative note by declining 411.32 points or 0.49 per cent to 83,124.03. The 50-share NSE Nifty dropped 125.1 points, or 0.48 per cent to 25,449.25 in the early trade.
However, both the benchmark indices made a strong comeback and closed the session with significant gains. The Sensex jumped 335.97 points, or 0.40 per cent, to settle at 83,871.32, while the Nifty climbed 120.60 points, or 0.47 per cent, to close at 25,694.95.
Meanwhile , Overall hiring volumes grew by 17 per cent year-on-year across key consumption-linked sectors during the August-October period, driven by heightened consumer sentiment, attractive festive promotions, and wider geographic penetration, according to a report.
According to the report by workforce solutions provider Adecco India, there was a 25 per cent surge in gig and temporary jobs compared to the same period in 2024.
The report, based on an analysis of internal data and external reports, noted that the weeks leading up to Dussehra and beyond saw a sharp rise in temporary staffing across retail, e-commerce, BFSI, logistics, and hospitality.
Adecco had projected 2.16 lakh gig and temporary jobs in 2025, and within just three months, the industry has seen 37 per cent growth in temporary hiring and 15-20 per cent uptick in deployment of gig workers, underscoring the strength of seasonal demand.
