Markets traded on a firm note, even after a weak opening and gradually moved northwards during the session amid firm European cues as European stocks gained as declining fears of Brexit vote buoyed the global market sentiments. Benchmarks also found a jerky reaction at RBI Governor Raghuram Rajan’s decided to discontinue his services after September 3 which took the markets to surprise.
IT shares rallied due to weak Rupee and Auto, Metals & PSU Banks too supported the indices to gain strength.
Global Markets Update
- Global stocks rose after polls showed support for Britain staying in the EU regaining momentum before Thursday’s referendum.
- UniCredit’s shares rose 4 percent as report said former industry minister and veteran banker Corrado Passera could be appointed to lead Italy’s biggest bank by assets as early as this week.
(Click to submit your details) Just one step to get best trading tips and Recommendation.