Benchmark indices traded higher breaking the three days losing streak as the oil prices in international markets decline, suggesting controlled inflation in near future for domestic economy.The global market cues remained sluggish though.Nifty ended the session to close at 10264.
PSU bank shares were the major gainers of the day while Cement stocks lost the most.
Global Markets Update
Volkswagen Group said on Thursday it plans to spend 10 billion euros ($11.8 billion) by 2025 to develop and manufacture all-electric and plug-in hybrid vehicles as it seeks to comply with upcoming stringent rules in China.
Asian shares shrugged off a lackluster start and pushed higher, while the dollar edged up as investors priced in more U.S. rate hikes after upbeat economic data.
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