Benchmark indices traded bullish on the last day of financial year and ended flat as nifty pared all the intraday gains on account of profit booking and closed the session without any gains or losses. Global indices also fell on Friday loosing half percent. Both the indices ended FY17 with impressive gains of up to 18.55 per cent, mainly driven by robust foreign fund inflows and reform measures like the GST. Nifty ended the session to close at 9197.75.
Metal stocks were the major gainers of the day while private banks stocks were the losers for the day.
Global Markets Update
BlackBerry reported a smaller quarterly loss as operating costs nearly halved. The Waterloo, Ontario-based company’s net loss narrowed to $47 million from $238 million or 45 cents per share a year earlier.
U.S. stock index futures were slightly lower on Friday as investors prepared to lock in gains, with Wall Street set for its best first quarter in four years.
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