Benchmark indices traded bullish for the first time in last five trading session on account of strong Asian cues however the weakness in the European stocks did not affected the rally in domestic market. IT, Realty and Healthcare stocks were supporting the rally. Short covering also helped the market to sustain the gains. Nifty reclaimed the level of 8750 to end the fourth trading session of the week at 8785.55. Pharma, IT stocks were the gainers for the day while FMCG stocks were the losers of the day.
Global Markets Update
Lenovo Group Ltd the world’s largest personal computer (PC) maker, on Thursday posted a 67 percent slide in third-quarter netprofit, lagging analyst estimates, as supply constraints and a weak macroeconomic environment weighed. European equities fell on Thursday after seven straight sessions of gains, with weaker metal prices weighing on miners and a poor update battering shares in engineering group Cobham.
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