Benchmark indices traded lower on the fourth trading session of the week as investors turned cautious after the Federal Reserve’s rate hike and the worries of political turmoil in the world’s largest economy hurt sentiment. However the market breath indicating the overall health of the market was positive. Nifty ended the session to close at 9600.90.Pharma and Realty shares were the major gainers of the day while banking and auto stocks were the losers of the day.
Global Markets Update
Deutsche Bank has outlined clearly differentiated roles for the co-heads of its revamped investment bank to make it more efficient and is also creating a new global markets division.
European shares fell for the second straight day on Thursday as sagging oil prices hit basic resources stocks, while retailers slipped after British sales data showed consumers are feeling the impact of rising inflation.
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