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Market Snippet

Benchmark indices traded mixed on the last trading session of Feb F&O series to touch the new 52 Week high on intrday basis but did not hold on higher levels. Buying action was  seen in the IT, telecommunication and metal stocks. Global cues remained positive for the day. Nifty ended the Feb F&O series to end at 52 week high at 8940 on closing basis.

IT and Telecommunications shares  were the gainers for the day while Pharma and PSU banks stocks were the losers of the day.

Global Markets Update

European shares fell slightly on Thursday, weighed down by a pull-back in banking and mining stocks in a day where trading activity was dominated by a raft of company earnings.

Shares of L Brands Inc tumbled to a three-year low on Thursday, a day after the retailer said it expected sluggish demand for Victoria’s Secret lingerie to force its biggest brand’s steepest ever monthly decline in comparable sales.

Nifty

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