Benchmark indices traded flat with bearish biasness and ended the session to close lower on account of profit booking seen at higher levels. The Cabinet has approved four bills to implement a planned Goods and Services Tax (GST) bill. Taking cues from Asian markets, European markets opened lower after G20 dropped a pledge to avoid trade protectionism. Nifty ended the day to close at 9157.00
Pharma and Media shares were the major gainers of the day while IT shares were the losers of the day.
Global Markets Update
French magistrates are expected early this week to order a trial in a tax case involving Swiss bank UBS and a French subsidiary after negotiations with investigators failed to produce a settlement.
Shares in Asia traded mostly weaker on Monday with markets in Japan shut for a holiday and investors watching oilfield-related shares after a bankruptcy filing by Singapore’s Ezra Holdings at the weekend.
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