Benchmark indices traded lower on the last trading session of the September F&O expiry on account of surgical strikes conducted by Indian army across LOC yesterday at late night. The risk in Indian market increased significantly after the official announcement of the operation as this Geo political tension between the India and Pakistan may drag the liquidity from the market. Nifty ended the session to close 8591.25 i.e.154 points lower. Infratel, TCS and ITC were the top gainers of the while BHEL, Adani Ports and Hindalco were the top losers of the day.
Global Markets Update:
- An agreement by OPEC members to curb output boosted oil company shares on Thursday, lifted the currencies of crude-producing countries, and drove yields on low-risk government debt higher.
- Asian shares gained on Thursday with investors, noting a back-and-forth on the prospects for a near-term rate hike by the Fed and a surprise decision by OPEC to curb output.
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