Benchmark indices consolidated for another trading session amid firm global cues as the investor remained cautious ahead of minuets of US Federal Reserve policy meeting later today. Cabinet’s approval for the amendment of Insolveny and Bankruptcy code resulted in buying in banking stocks. Nifty ended the session to close at 10357.90. Media shares were the major gainers of the day while Pharma shares were the major losers for the day.
Global Markets Update
World shares scaled yet another record high propelled higher by a bullish growth and company earnings outlook, as well as investors’ unflagging enthusiasm for technology stocks.
Asian shares joined a global rally to reach their highest in a decade as strong world growth and rising corporate profits lured hordes of investors into equities, while oil prices jumped closer to a recent 2-1/2 year top.
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