Benchmark indices traded bullish reclaiming the 9500 mark on account of heavy short covering as the May F&O series expired today. The global sentiments were also positive after the Federal Reserve signaled a more cautious approach to future rate hikes, also contributed to the gains. Nifty ended the May F&O contract at 9510.10.
Banking and IT stocks were the major gainers of the day while Pharma stocks were the major losers of the day.
Global Markets Update
World stocks hit record highs on Thursday and the dollar dipped after the US Federal Reserve signaled caution in raising interest rates, while oil prices rose in anticipation of top producers agreeing to extend output cuts for up to a year.
Japanese stocks rose on Thursday as the strong-yen trend paused, while a surge in index-heavyweights such as SoftBank supported sentiment.
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