Market Snippet

Benchmark Nifty saw a correction after yesterday’s rally dipping below 8600 levels after weak openings of European markets ahead of F&O expiry due on Thursday as cautious prevails in the market for FOMC Meeting and for the progress of the GST Bill in an ongoing monsoon session of the Parliament.Nifty ended the todays trading session at 8590 down by 45 points.

Axis Bank, Power Grid and Yes Bank were among the top gainers of the day while Dr Reddy, ICICI Bank, Hindaco were among the top losers of the day.

Global Markets Update:

  • Daimler’s my taxi said it will merge with British rival Hailo in an all-share deal; creating Europe’s largest smartphone based taxi-hailing business.
  • European shares fell slightly on Tuesday as weaker bank and oil sectors weighed, with Commerzbank among the biggest fallers after the German lender disappointed with a decline in second-quarter core capital.

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