Benchmark indices traded lower for the second continous trading session on account of profit booking and amid weak global cues. Domestic sentiments were hit buy the downgrade of Axisbank one of the major private sector lender by Morgan Stanley, while worries of regulatory action from the US Food and Drug Administration triggered selling in pharma stocks. Nifty ended the session to close at 9155.00.
FMCG and Realty shares were the major gainers of the day while Pharma shares were the losers of the day.
Global Markets Update
Google vowed to police its websites better by ramping up staff numbers and overhauling its policies after several companies deserted the internet giant for failing to keep their adverts off hate-filled videos.
Asian shares hit 21-month highs while the dollar and U.S. bond yields were on the backfoot on the prospect of a less hawkish than previously expected Federal Reserve policy trajectory.
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