Benchmark indices traded lower on the last trading session of the week on account of disappointing macroeconomic data as Index of Industrial Production (IIP) declined by 1% in February and retail inflation rose marginally to 3.81% in March from 3.55% in February 2017. Weak trend in Asian markets too hit the domestic sentiment. Nifty ended the session to end lower at 9182.25.
Pharma and Realty stocks were the major gainers of the day while IT and Metal stocks were the losers for the day.
Global Markets Update
Ford Motor Co (N:F) said on Thursday that its China vehicle sales fell by 21 percent in the first quarter compared with a year ago, after a tax cut on small-engined vehicles was rolled back.
Japanese stocks slumped to fresh four-month lows on Thursday as the yen spiked against the dollar after U.S. President Donald Trump said the U.S currency was too strong, hitting exporters and financial stocks hard.
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