The benchmark indices higher amid firm global cues as lawmakers’ comments in US on tax reforms and the debt ceiling boosted investor optimism. Nifty reclaimed the mark of 9850 to end higher at 9859.The gains, however, remained range-bound for want of fresh triggers after a tepid results season.
PSU bank stocks were the major gainers of the day while FMCG stocks were the major losers of the day.
Global Markets Update
Japan’s Toshiba Corp is prioritizing talks with Western Digital to sell its memory chip business, as negotiations with a previously preferred bidder have stalled.
Asian stocks steadied taking a breather after the previous day’s surge, lacking the momentum to keep up with a global rally spurred by gains for tech shares on Wall Street and miners in Europe.
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