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Market Snippet

Markets witnessed a struggling session as choppy trades were mostly seen during the session and finally it ended with negative bias and losing the bull streak so seen in last five sessions; Sun pharma lead the decline on its quarterly results which missed the expectations while Tata Motors surged over 10% on its Q4 earnings. Investors seemed to be cautious ahead of Indian GDP data to be released later in the day.

On sectoral front, Auto & PSU Banks lead the session as gainers while IT, Pharma and FMCG declined.
Global Market Updates:

  • Volkswagen posted a surprise increase in Q1 operating profit as it is pushing steps to overcome its diesel emissions scandal.
  • Nestle, the world’s biggest food company, is stepping up its push into medicine with a global deal worth up to 100 million euros to develop and market an experimental milk allergy test for infants.

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