Benchmark indices traded higher in a volatile trade session as investors waits for exit polls results of Gujarat Assebly election, counting of votes and result announcement will be done on 18th December 2017. Overseas, US Federal Reserve raised interest rates for a third time this year on Wednesday by 0.25%. Nifty closed at 10276.10. FMCG stocks were the major gainers of the day while Media stocks were the major losers of the day.
Global Markets Update
Twenty-First Century Fox Inc.’s shares gains amid reports that it’s impending deal with Walt Disney Co.could value Rupert Murdoch’s Media Empire at more than $75 billion.
Japan’s Nikkei share average slipped as banks and insurer shares weakened in line with lower interest rates while telecommunications shares withered on news that online retailer Rakuten plans to enter the mobile carrier market.
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