Benchmark indices traded lower loosing the three days winning streak to end in red amid weak global cues as investors remained cautious ahead of two days US FED meeting. Domestically economic data showed mixed outcome as IIP for October month came at 2.2% while Inflation remained higher at 4.88% from 3.58% in October. Nifty closed at 10264.50. Pharma stocks were the major gainers of the day while Realty share were the major losers of the day.
Global Markets Update
Walt Disney Co. may announce a deal as soon as this week to acquire a large piece of 21st Century Fox Inc., according to a person familiar with the matter, transferring legendary Hollywood properties to new owners.
Japan’s Nikkei slipped reversing earlier gains as investors turned cautious ahead of this week’s U.S. Federal Reserve policy meeting.
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