Benchmark indices traded lower on the third trading session of the week as weak global cues (European Central Bank might reduce the pace of bond buying before its purchase program ends) dragged the Nifty down along with some profit booking observed after the rate cut by RBI. Nifty ended the session to close at 8769.15 i.e. 31.05 points higher.
Tata Motors DVR, BPCL, Ultratech Cement were the top gainers of the while ONGC, Axis Bank and IDEA t were the top losers of the day.
Global Markets Update:
- BlackRock Inc the world’s biggest asset manager, said it would cut prices across its growing U.S. iShares Core exchange-traded funds (ETFs) to help wealth advisers transition to a new rule governing retirement products.
- Asian shares were narrowly mixed on Wednesday with Sydney down despite solid retail sales data on overall think markets with a week-long holiday in China curbing activity.
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