Benchmark indices traded flat on the first trading session of the week ahead of Federal Reserve policy meeting due Wednesday. The indices gained nearly 150 points in the early morning trade but later fell on concerns over corporate results. However the Asian markets were strong over the easing concern of North Korea. Nifty ended the session to close flat at 9339.30. Realty and IT stocks were the major gainers of the day while Metal and Pharma stocks were the losers for the day.
Global Markets Update
For nearly two months, American International Group Inc has planned to replace its chief executive but a successor has yet to be named, creating a void that has fueled investor concern about the insurance company’s future.
Japan’s Nikkei share average rose to six-week highs on Tuesday in a holiday-shortened week, getting a lift from robust earnings and gains on Wall Street.
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