Benchmark indices traded lower for the third consecutive trade session as selling in banking and auto shares kept the market lower throughout the day. While negative trade in Asian and European markets on concerns over US President Donald Trump’s economic growth agenda also contributed to the losses in domestic markets. Nifty ended the third trading session of the week to end lower at 9046.75.
Realty shares were the major gainers of the day while Banking and Auto were the losers of the day.
Global Markets Update
French luxury goods group Hermes it was starting 2017 on a solid footing after delivering record 2016 profits, providing further evidence of a broader recovery in the luxury goods industry.
Asian stocks posted their biggest drop in two weeks on Wednesday as growing doubts about Donald Trump’s economic growth agenda prompted investors to dump risky assets and rush to safe havens such as gold and government debt.
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