Benchmark indices traded lower as index heavyweight Infosys Ltd tanked after CEO Vishal Sikka’s resignation. The stock witnessed a fall of 13.39%.Domestic sentiment was also hit due to weak global cues as a deadly attack in Spain and rising concerns over the fate of US President Donald Trump’s economic agenda. Nifty ended the session to close at 9854.40.FMCG stocks were the major gainers of the day while IT stocks were the major losers of the day.
Global Markets Update
Alibaba , China’s top e-commerce firm, beat analyst estimates with a 56 percent rise in first-quarter revenue, driven by strong online sales.
European shares broke their three-day winning streak on Thursday as banks fell following a set of cautious minutes from the U.S. Federal Reserve, and energy stocks also weighed on a busy day for company results.
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