Benchmark indices traded higher following the positive data of IIP which came at 9 month high of 4.3% in August and CPI based inflation remained the same at 3.28% which was expected to incrase.The data showed strength in economy and it gave room to RBI to cut the rates.Nifty ended the session to close at life time closing high at 10194. Pvt Banks and Metal stocks were the major gainers of the day while Media stocks were the losers of the day.
Global Markets Update
A key attorney executing BlackBerry Ltd’s patent licensing strategy has left the company, the second recent departure from the team tasked with making money from the Canadian company’s intellectual property.
Japan’s Nikkei surged to a fresh 21-year highhelped by index heavyweight Fast Retailing, while selling of Kobe Steel resumed as worries about its data fabrication scandal extended overseas.
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