Market Snippet

The markets ended marginally higher after remaining towards negative territory in the previous session and finally ended in green. Better than expected GDP data as it grew by 7.9% in the March quarter, fiscal deficit data too matched the expectations and PMI data also came in line with expectations; all these primary factors aided the market sentiments. Indices are hovering around very critical levels as on one side, it can be seen as key resistance from where short reversals can take place.

Bank stocks capped the gains while FMCG appeared as leader among all sectors.

Global Market Updates:

  • Apple Inc plans to issue bonds in Taiwan for the first time with the aim of raising $1 billion.
  • Japanese stocks ended lower on Wednesday, snapping a five-session winning streak, as a stronger yen triggered profit-taking and dimmed the earnings outlook for exporters.

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