The markets seemed to be overwhelmed with the start of the session and continued to extend gains for the entire session on the back of firm global cues, rise in Crude Oil prices and above normal predictions by meteorology too aided the sentiments; further, positive Asian and European markets also supported the Indian indices to close near to a one month high and stupendous rally made the indices to gain approx 2.3%.
All the sectoral indices closed in green, whereas Banking & Financials gained the most, followed by IT and Capital goods.
Global Market Updates:
- Adidas will launch mass production of running shoes at a German factory operated largely by robots next year and plans to open a similar plant in the United States next year.
- Australia stocks were higher as gains in the Energy; Telecoms Services and Financials sectors led shares higher.
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