The market witnessed a historic day as benchmark indices clocked fresh record highs, with the Nifty hits at 9600 mark for the first time ever as higher derivatives rollover led to strong follow-up buying in index heavyweights on the first day of June series as well as on sustained foreign capital inflows amid robust earnings.
Metals, IT, Media stocks were the major gainers of the day while Pharma stocks and PSU banks were the major losers of the day.
Global Markets Update
Big Japanese life insurers, who are major bond investors globally, are primarily focusing on U.S. bonds while staying cautious on European bonds, earning reports and comments from industry executive’s show.
Japan’s Nikkei share average extended losses as the yen’s gains against the dollar accelerated on Friday, though the benchmark index still managed to cap off a winning week.
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