Benchmark indices traded lower on the second trading session of the week tracking the monetary policy review by the RBI governor as he indicated the upside risk to inflation and kept the policy rates unchanged. Nifty closed the trading session below the psychological mark of 8700 to settle at 8678.25 i.e. 33.10 points down.
Tata Power, Zeel, Infratel and Coal India were the top gainers of the day while IDEA, Lupin, Ambujacem and Grasim were the top losers of the day.
Global Markets Update:
- Chinese e-commerce giant Alibaba Group Holding Ltd is offering to help international technology firms such as SAP SE to enter China, a market where foreign tech companies face increased government scrutiny.
- European shares advanced for a fifth straight session on Tuesday as companies like Altice continued to report quarterly results that exceeded forecasts.
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