In early trade, domestic stocks drifted higher. Key indices trimmed gains in afternoon trade. Moreover, Indices extended gains and hit fresh intraday high as the session progressed. Through, Trading was volatile as traders rolled over positions in F&O segment from the near month.
FMCG sector were the major gainers and PSU bank were the major losers.
Global Markets Update
On Thursday, Encouraging results and a recovery among industrials helped European Market, while earnings disappointment weighed heavily on some stocks.
Shares of the world’s largest lighting maker, Philips Lighting (AS:LIGHT) fell 11% after the firm reported lower than expected first quarter earnings due to sales and margins.
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