Benchmark indices traded bullish on the very first trading session of the week on the hopes of positive result for BJP in UP election to be announced on Saturday. Sentiment was also boosted as the country moved a step closer towards launching a long-awaited new national sales tax from July after a panel of federal and state finance officials finalized two key Bills to be put before parliament. Nifty ended the session to close at 8978.
Banking and Auto shares were the gainers for the day while IT and Pharma stocks were the losers of the day.
Global Markets Update
Shares in Deutsche Bank fell almost 7 percent in early trading on Monday after the lender announced an 8 billion-euro ($8.48 billion) capital increase that Chief Executive John Cryan had previously declared a last resort.
European shares posted their best weekly gains of 2017 of Friday, although they were down on the day following disappointing company updates.
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