Market Snippet

Benchmark indices ended near day’s high after the Cabinet today approved the recommendations of the 7th Pay Commission. Investors’ sentiments were further boosted due to a recovery in global stocks after near term Brexit concerns eased.

The Nifty50 gained 76 points to close at 8,204. Participants are now keenly watching the rollovers to the next series ahead of the expiry of June F&O series due tomorrow and Auto sales nos of June.

Global Markets Update:

  • Japan’s Sony Corp will lift the sales target for its games division next year on hopes for its new virtual reality headset, and said it would re-enter robots a decade after it last abandoned the business.
  • Suzuki Motor Corp said its board has appointed Toshihiro Suzuki as its next chief executive effective the same day, as the Japanese automaker attempts to recover from a vehicle testing scandal.

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