Benchmark indices climbed to new life time high as market reacted positively on the macro economic data of Inflation and IIP which was released on Friday. Ease in April CPI inflation to 2.99% and prospects of improving economic fundamentals led the market to continue its growth trajectory.Global markets cues were also supportive for the market. Nifty ended the day at 9453.30. Metal and Pharma were the major gainers of the day while IT stocks were the losers for the day.
Global Markets Update
Major U.S. multinationals are pushing the Trump administration to deepen the tax break it has already tentatively proposed on $2.6 trillion in corporate profits being held offshore, a key piece in Washington’s intricate tax reform puzzle.
Japanese stocks edged down on Monday, pressured by a stronger yen, a widespread cyber attack and North Korea’s missile test over the weekend.
(Click to submit your details) Just one step to get best trading tips and Recommendation.