Equity Market News

Market Snippet:

Benchmark indices traded lower on the very first trading session of the week on account of weak earning posted by the IT majors, the weak global cues also dragged the nifty down as the Fed chairperson Jenet Yellen commented on the state of US economy that US economic potential is slipping and may need aggressive steps to rebuild. The Nifty ended the session to close at 8520.40 i.e. 63 points lower. ICICI Bank, NTPC, Hindustan Unilver were the top gainers of the day while Zeel, IDEA, Bosch India and Ambuja Cement were the top losers of the day.

Global Markets Update:

  • Britain’s Pearson said a drop in demand for higher education textbooks in its biggest market in the United States had resulted in a weaker-than-expected third-quarter performance.
  • Japan’s Nikkei share average rose in choppy trade on Monday as the dollar was steady against the yen, while Tokyo Electric Power stumbled after an anti-nuclear candidate won a Japanese regional election.

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