Benchmark indices traded flat correcting the early gains as the wholesale price index (WPI)-based inflation raised to 3.24% from a year ago, its fastest pace in four months, driven by higher prices of food and fuel product. Global markets sentiments also remained mixed for the day. Nifty ended the session to close at 10117. Pharma stocks were the major gainers of the day while Realty and Metal stocks were the major losers of the day.
Global Markets Update
World stock prices pulled back from record highs after weaker-than-expected Chinese economic data, while sterling held steady before a Bank of England rate decision later on Thursday.
Kia Motors Corp has hired as its head of styling Pierre Leclercq, a former designer at BMW and Great Wall Motor in a move expected to help the South Korean automaker reverse its fortunes in its top market China.
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