Benchmark indices traded higher recovering the losses of the last two previous trading sessions on account of the rate cut expectation by RBI in its policy review meeting on Wednesday. Sentiment globally was hit after Italian Prime Minister Matteo Renzi said he would resign following heavy defeat on the constitutional referendum, raising political uncertainty in the euro zone. Nifty ended the session to close at 8173. Rate sensitive auto shares gained highest for the day while IT stocks were the major losers for the day.
Global Markets Update:
Coca-Cola Co opened a new $100 million facility in Cambodian capital Phnom Penh on Monday to expand its production capacity in the Southeast Asian nation.
Japan’s Nikkei share average fell on Monday after Italian Prime Minister Matteo Renzi’s defeat in a constitutional reform referendum gave investors an opportunity to sell into a market that had rallied to 11-month highs late last week.
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