Markets ended the day flat after a day of choppy trade with as investors stayed on edge after May factory output and Q4 GDP growth entered the slow lane. The factory output growth fell in May due to softer demand and slower export. The Nikkei Manufacturing Purchasing Managers’ Index fell to 51.6 in May from April’s 52.5.Nifty ended the session to close at 9631.FMCG and Pharma stocks were the major gainers of the day while Metal stocks were the losers of the day.
Global Markets Update
The European Union’s markets watchdog has fined Moody’s 1.24 million euros ($1.39 million) for breaches of the bloc’s credit ratings rules.
European stocks were mostly higher on Thursday, despite ongoing U.S. political concerns and mounting uncertainty over the outcome of the upcoming U.K. general elections.
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