Benchmark indices traded flat amid profit booking as weak earning buy IT major TCS has kept the sentiments low moreover the geopolitical tensions rising between US and North Korea and US President Donald Trump’s call for reviewing H1-B visa program kept the Street wary and uncertain. Nifty ended to close flat at 9145. The government’s weather office had yesterday forecast a normal monsoon during the June-September period which may provide some relief to markets. Realty and Media stocks were the major gainers of the day while banking and IT stocks were the losers for the day.
Global Markets Update
Ford Motor Co is taking a cautious approach to producing electric and plug-in hybrid vehicles for the Chinese market, citing uncertainty about consumer interest and government policy, despite a rush by carmakers to jump into the sector.
Asian shares dipped on Wednesday as downbeat earnings overnight for Goldman Sachs carried over into bank and financial stocks in Asia.
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