Benchmark indices continued the buying interest in the last trading session of the week too, cheered by better than expected quarterly earnings posted by SBI. Supportive global cues also helped the market to maintain the buying interest. Nifty closed the last trading session of the week at 8672 i.e. 80 points higher. The merger news between Grasim and Aditya Birla Nuvo was also the highlight of today’s trading session.
SBIN,Yes Bank,Axis Bank were the top gainers of the day while BPCL, TECHM, Cipla were the top losers of the day.
Global Markets Update:
- China’s economic activity slowed in July, with investment growing at its slowest pace in more than 16 years in the year-to period, as the world’s second-largest economy grappled with the painful restructuring of its older industrial sectors.
- Japan’s Nikkei share average rose on Friday to log a robust weekly gain, as record levels hit on Wall Street and a weaker yen lifted sentiment.
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