Benchmark indices traded lower on account of continued profit booking seen in index and ended lower for the fourth straight trading session. Investors also weighted the plan of government of providing the financial stimulus to the economy as it may increase the fiscal deficit significantly. Nifty ended the session to close at 9982.95.IT stocks were the major gainers of the while Realty and Metal stocks were the losers of the day.
Global Markets Update
London stripped Uber of its license to operate from the end of September in a huge blow to the taxi app that will affect more than 40,000 drivers in one of the world’s biggest cities.
Japan’s Nikkei share average slipped from a two-year high on Friday after North Korea threatened to test a hydrogen bomb in the Pacific Ocean, ratcheting up tensions with the United States and its allies.
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