Benchmark indices traded lower as investors remained cautious ahead of June derivatives expiry on Thursday and GST rollout on July 1. Weakness in lenders on worries about provisioning for defaulted loans continued while concerns of bloated valuations following a record-setting rally dampened risk appetite. Nifty ended the session at 9502.50 forming dazi candle on charts. The Metal stocks were the major gainers of the day FMCG stocks were the major losers of the day.
Global Markets Update
Japan’s Toshiba Corp has pushed back its timeline to clinch a sale of its prized flash memory chip unit, saying the $18 billion deal was being held up due to differences of opinion within the consortium chosen as preferred bidder.
Japanese stocks wobbled as tech shares followed their U.S. counterparts down, souring sentiment battered small caps, while large cap bank shares benefited from a rise in global bond yields.
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