Benchmark indices regained the buying interest amid the choppy trading session today and broke the last two days falling streak. Nifty traded almost flat to close at 8592.15 just 16 points higher. The market is expected to remain range bound in the absence of any fresh fundamental trigger. The much awaited quarterly result of the country’s biggest lender (SBI) will be in light as it will announce its quarterly result on AUG 12, 2016.
Eicher Motors, IDEA, BPCL and Lupin were the top gainers of the day while BOB, Grasim, Zeel were the top losers of the day.
Global Markets Update:
- Audi sold 2.3 percent more cars in July on growing demand for the redesigned top-selling A4 saloon, though kept trailing behind German luxury rivals BMW and Mercedes-Benz.
- World shares hovered close to one-year highs on Thursday as oil prices dropped for a third straight day and the latest interest rate cut in a developed market – this time New Zealand – got a lukewarm reaction from investors.
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