Benchmark indices traded weak on second trading session of the week and consolidated as investors are eagerly waiting for the GST Bill, which will be taken tomorrow in the upper house for discussion. Moreover, weak global cues also capped the upside move of the market. Nifty ended the session with 13.65 points down to close at 8622.90.
ITC, Maruti, Bank of Baroda were the top gainers of the day while Auropharma, HDFC, Tata motors were the top losers of the day.
Global Markets Update:
- Two of Europe’s biggest banks – Credit Suisse and Deutsche Bank will be dropped from an index of Europe’s top 50 blue-chip companies next week in a further blow to the embattled sector.
- European shares hit a two-week low on Tuesday following poor results from some firms, including Metro and chipmaker Infineon, and another day of the weak performance of the banking sector.
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