Benchmark indices finished the day flat paring the intraday gains even Softer-than-expected inflation data fuelled hopes of a rate cut by the central bank at its next policy review in August, ahead of the meeting the US Federal Reserve’s policy meeting which begins later in the day. However global cues remained bullish throughout the day. Nifty ended the session to close at 9615.Realty stocks were the major gainers of the day while IT stocks were the major loosers of the day.
Global Markets Update
Deutsche Bank AG will pay $170 million to settle an investor lawsuit claiming it conspired with other banks to manipulate the benchmark European Interbank Offered Rate and related derivatives.
Asian shares staged a bit of a rebound on Tuesday outside of Tokyo with the overhang from two days of weak tech stock performance in the U.S. shrugged off.
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