Benchmark indices traded marginally higher ahead of Oct F&O expiry and remained bullish in hopes of good quarterly earrings ahead in the preview of Oct F&O expiry. The global cues however remained weak but the buying in PSUs, Power and Oil and Gas stock lifted the market to end higher at 10207.70. PSU banks were the major gainers of the day while IT stocks were the losers of the day.
Global Markets Update
Japan’s Canon Inc hiked its annual profit forecast for the third time on Tuesday on the back of expanding demand for “business-to-business” products from surveillance cameras to organic light-emitting diode (OLED) screen production equipment.
European bourses and indexes were trading sideways at the opening of markets as a new set of third-quarter earnings pulled companies’ stocks sharply in different directions.
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