Benchmark indices traded lower in the initial half of the trading session and recovered the losses in the later half to end marginally higher. Investors also remained cautious ahead of Inflation data to be released today later. Investors turned cautious after disappointing index of industrial production (IIP) number which contracted by 0.4 per cent in December 2016 and manufacturing growth dipped by 2%. Nifty ended the session to close at 8815.35.
The IT stocks were the gainers for the day while PSU Banks and Realty stocks were the losers of the day.
Global Markets Update
Volkswagen’s cost-cutting deal with unions is left in limbo after talks between labour leaders and top executives over the implementation of the turnaround plan were broken off on Monday without an agreement.
European shares ended at their highest level in two weeks, with some major co. such as France’s second-biggest listed bank Societe Generale and oil major total advancing after their results
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