Benchmark indices traded lower for the second continuous trade session as rising crude oil prices kept the domestic equities under pressure amid the worries that the probable next rate cut may get delayed expecting the inflation to be higher as the oil sustains higher. Nifty ended the session to close at 10365.10 IT stocks were the major gainers of the day while PSU Banks shares were the major losers of the day.
Global Markets Update
Asian shares were mixed as investors noted hard word against North Korea by president Trump speaking before the South Korea parliament, warning Pyongyang against a “miscalculation.”
Japan’s Topix index hit a near 11-year high on Wednesday as foreign investors continued to pile in on strong earnings hopes for Japan Inc., though the Nikkei edged down from a near 26-year high on profit-taking.
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