Markets remained firm after the previous weak trading session and bounced with the start of a spontaneous rally in Banking stocks on the back of a passing of the Bankruptcy bill in Rajya Sabha which helped Indian indices to sustain on the higher side despite of mixed trading on disappointing earnings in European markets while Asian indices also closed mixed. Finally, markets were able to close strong, gaining around 0.70%.
On the sectoral front, all the sectors were able to close in green while Banks, Realty, and IT were leaders for the day.
Global Market Updates:
- European stocks fell as a drop in the shares of major financial co like Aegon & Credit Agricole weighed on the region’s markets.
- Nissan Motor Co has agreed to take a 34 percent stake in Mitsubishi Motors Corp, taking de facto control with a $2.2 billion bet that bails out its smaller, scandal-hit rival.
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