Benchmark indices traded bullish on the very first trading session of the week hitting new life time high in intraday trade session and settling at a new record high for the day. Asian peers and European markets also sustained higher as no new provocation from North Korea helped the equities markets to perform well throughout the globe. Nifty ended at 10181.Media and Private Banks stocks were the major gainers of the while PSU banking stocks were the losers of the day.
Global Markets Update
World stocks hit a record high on Monday and the dollar reached an eight-week peak against the yen on expectations that the U.S. Federal Reserve will this week announce trimming of its balance sheet, part of a reversal of cheap money worldwide.
Nokia will start to book additional revenue from the current quarter after a ruling by an arbitration court on payments from South Korea’s LG Electronics for using its smartphone patents.
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