Benchmark indices traded bullish for the fourth straight trading session as buying interest in public sector lenders resulted in rally in the markets. Hopes of positive quarterly earnings and -free roll-out of the goods and services tax (GST) also lifted sentiment. Nifty was successful in closing above the psychological mark of 9650 at 9673.35.The PSU banking stocks and Realty stocks were the major gainers of the day while Media and IT stocks were the major losers of the day.
Global Markets Update
Deutsche Bank is evaluating whether to move a large part of its securities trading business from London to Frankfurt or elsewhere in Europe as it prepares for Britain’s exit from the European Union
Japanese stocks dropped as ongoing tensions around North Korea continued to sap risk appetite, while the retail sector underperformed on dismal earnings from convenience stores.
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