After a sharp fall in previous trade session benchmark indices recovered on account of short covering before the August expiry due tomorrow, supportive global market also helped the domestic market to sustain higher. Financial stocks accounted for more than a third of gains on the NSE index, with Nifty financial index gaining 1.2%.Nifty closed the session at 9880.10.Realty and Metal shares were the major gainers of the day while IT stocks were the major losers of the day.
Global Markets Update
Fujifilm Holdings will spend 500 billion yen in strategic acquisitions over three years as it seeks growth outside its traditional photographic film business, which has been shrinking.
Taiwan stocks were higher after the close on Wednesday, as gains in the Electricity, Paper & Pulp and Other Electronic sectors led shares higher. At the close in Taiwan, the Taiwan Weighted rose 0.69%.
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