Market Snippet

Benchmark indices consolidated in today trading session too ending lower weighed down by profit taking in financials and index heavyweight Reliance Industries. European Central Bank (ECB) in its meeting kept the policy rates unchanged leaving the scope of further monetary stimulus. The Nifty ended the session to close at 8699.40 i.e.40.30 points higher.
IDEA, TECHM, Tata Power and Hcltech were the top gainers of the day Axisbank, Hindalco, Ambuja Cement and ACC were the top losers of the day.

Global Markets Update

European Stocks showed some recovery on Friday after its major stocks digest promising comments from European Central Bank’s President Mario Draghi, stating that an adjustment to the bank’s stimulus program could come in December.
Microsoft Corp stocks hits all time high as its flagship cloud product doubled in its first quarter, propelling earnings above analysts’ estimates at its peak from previous high made in 1999.

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