Benchmark indices spurt massively by the announcement of Finance Minister for the recapitalization of PSU banks and investment in infrastructure amounting to 7.03 lakh crore thus reviving growth and investment in the economy. Nifty bank traded 3.36% higher. Nifty 50 ended the session to close at new life time closing high 10289.90. PSU banks were the major gainers of the day while Pharma stocks were the losers of the day.
Global Markets Update
Toyota Motor Corp said its solid-state battery technology under development could be a “game changer” for electric vehicles, but that does not mean it is moving away from hydrogen-powered fuel-cell vehicles.
Asian shares edged higher while U.S. Treasury yields and the dollar got a lift following a report that Republican senators were leaning toward John Taylor to be the next Federal Reserve chief.
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