Benchmark indices traded higher as the investor bet on BJP’S win in assembly election of Gujarat, besides sustainable buying by domestic institutional investor also kept the buying momentum of market alive for the third straight session. Nifty ended the session to close at 10346.40.
IT shares were the major gainers of the day while Realty shares were the losers of the day.
Global Markets Update
Apple Inc has asked India to defer a planned increase in import taxes on mobile phone parts so it can expand its iPhone manufacturing in the country, but the govt is unlikely to accede.
European stocks turned slightly lower pulling back from a one-month high as technology stocks sagged. But U.K. stocks bucked that trend as continued pressure on the pound helped the British blue-chip index outperform its regional rivals.
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