Benchmark indices traded flat with nifty doing a choppy business and ended with little gains. Nifty ended the session just 6 points higher to close at 8551.10. Markets did not response much of GST Amendment Bill passage in the upper house of parliament and did profit booking as the market has already rallied more than 21 percent since March, on the hopes of the GST Bill getting passed in the monsoon session of Parliament and also due to delay rate hike by the Federal Reserve.
BOB, Tata Motors, Tata Steel were the top gainers of the day while Asian Paints. INFY, Zeel were the top losers of the day.
Global Markets Update:
- Toyota Motor Corp cut its full-year forecast for operating profit, expecting it to fall 44 percent from a year ago as the Japanese automaker expects to take a bigger hit from a stronger yen.
- Japan’s Nikkei share average gained on Thursday as bargain hunting prevailed during a seesawing session, while refiner Idemitsu Kosan slid as its takeover bid for a Showa Shell hit an obstacle.
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