Benchmark indices traded higher on the very first trading session of the week ahead of RBI’s MPC policy meeting starting from tomorrow. Domestic sentiments were bullish as the service sector growth remained upbeat as PMI service stood at 52.2 in May against 50.2 in April. However the geopolitical risk kept the Asian market calm for the day. Nifty ended the session at 9685.Realty and IT stocks were the major gainers of the day while Metal and Pharma stocks were the losers for the day.
Global Markets Update
Apple Inc and Amazon.com Inc will join Foxconn’s bid for Toshiba Corp’s semiconductor business, the Nikkei business daily quoted Foxconn Chairman Terry Gou as saying on Monday.
European equities traded lower as investors digested a wash of data on service sector activity and reacted to news of a terrorist attack in London on Sunday, though several stock markets, including Germany were closed for a holiday.
(Click to submit your details)Just one step to get best trading tips and Recommendation.