Benchmark indices traded bearish and shaded all gains of previous trading sessions on account of profit booking among strong global cues. Nifty did not sustained above the the mark of 9000 for long and witnessed selling after scorignthe new 52 week high on intraday. Asian shares also performed well today after the Trump’s addresal to Congress for the first time.Nifty ended the session to cloae the day at 8917.20.
Auto shares were the gainers for the day while Reality, banking and Pharma stocks were the losers of the day.
Global Markets Update
Credit Swiss will transfer its Swiss asset management business to a new entity due to begin operations under its own license at the end of March, the bank said on Thursday.
Asian shares rose as investors were encouraged by President Donald Trump’s less combative tone in his first speech to Congress, which sent Wall Street stocks sharply higher, while growing bets on a U.S. rate hike this month buoyed the dollar.
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