Benchmark indices traded higher for the third continuous trading session of the week and made a fresh yearly high on intraday. Nifty closed the session to settle at 8786.20 i.e. 41.85 points higher. The investor will be closely following the Q1 GDP data release. Globally, investors remain cautious ahead of closely-watched US jobs data later this week. Ultra Tech Cement, Kotak Bank, LT, Ambuja Cement was the top gainer of the day while Hindalco, Tata Steel, Bosch and Lupin were the top losers of the day.
Global Markets Update:
- Mitsubishi Heavy Industries is in talks with an unidentified U.S. company over a possible partnership to develop an armored vehicle that for the first time could see a Japanese firm build arms for a foreign customer.
- Shares in Asia were mixed on Wednesday with investors looking ahead for China PMI data this week and taking note of regional data in Japan and Australia.
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