Benchmark indices traded lower on the very first trading session of the week ahead of key economic data of GDP to be announced tomorrow and US Preceident speech to a joint session of Congress on Tuesday, where he is expected to unveil some elements of his plans to cut taxes. Asian indicies also remained calm before the Trump’s speech and settled lower for the day. Nifty ended the session to close at 8919.45.
IT shares were the gainers for the day while Private banks and financial services stocks were the losers of the day.
Global Markets Update:
More Chinese companies are looking to raise debt offshore after Beijing approved a new funding structure last month that makes it easier and cheaper to tap foreign lenders.
Japanese airbag maker Takata rose 0.37% after a Wall Street Journal report that it is on the verge of hiring attorney Kenneth Feinberg to sort through claims for its $125 million compensation fund for victims of faulty air bags.
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