Benchmark indices traded lower on the second trading session of the week as markets witnessed a round of profit booking after hitting 52 week high. The direction of markets will likely hinge on the results of the elections in the northern state of Uttar Pradesh, due out on Saturday, which will have a key influence on Prime Minister Narendra Modi’s chances of clinching a second term in 2019. Nifty ended the session to close at 8973.25.Realty and Media shares were the gainers for the day while Metal and Banking stocks were the losers of the day.
Global Markets Update
Volkswagen AG expects to broaden disciplinary action beyond the two dozen employees the carmaker has already suspended in a diesel emissions cheating scandal, Chairman Hans Dieter Poetsch said on Monday.
Asian shares were narrowly mixed on Tuesday with sentiment slightly downbeat on growing expectations of a Fed rate hike this month.
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