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Market Snippet

Indian market wiped off its losses of last two trading sessions and ended at 2016 closing high in a late rally supported by index heavyweights on fourth trading session of the week. Nifty was up by 39 points or 0.48% to close at 8218.95.

Banking & Financials, telecom, metals and auto stocks helped equity benchmarks green in the slater half of the session. Coal India, Tata Steel, Axis Bank, HUL and Hero Moto Corp were top gainers while Wipro, Sun Pharma, Lupin, ITC were top losers.
Global Market Updates:

  • Global stock markets made little headway as Japan’s Nikkei fell sharply following a jump in the yen while European markets were flat in the run-up to a key ECB meeting.
  • Six automakers said Thursday they are recalling nearly 2.5 million U.S. vehicles with defective Takata air bag inflators.

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