Benchmark indices fall drastically on Thursday over weak economic cues as weak Export data from china increased the worries of economic slowdown and Minuets of FOMC indicated a possible rate hike this year. Moreover the GOI asked for the list of market participants investing through P-Notes also worried the investors. The Nifty ended the session to close at 8573.35 i.e. 135.45 points lower. ONGC, INFY, Maruti and Cipla were the top gainers of the day Bank of Baroda, Adani Ports, Idea and Auropharma were the top losers of the day.
Global Markets Update:
- Oil prices fell on Thursday after the Organization of the Petroleum Exporting Countries (OPEC) said its production had risen to the highest level in at least eight years and following reports of an increase in US crude stockpiles.
- Japan’s Nikkei share average gave up early gains and slipped on Thursday as the yen clawed back ground it had lost in the dollar, with sentiment further undercut by China’s weak trade numbers.
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