Benchmark indices traded lower on the last trading session of the week on account of weak global cues as United States launched cruise missiles against an airbase in Syria, while back home expectations of no further rate cuts by Reserve Bank of India (RBI) this year, also impacted the sentiment. Nifty ended the session to close at 9217.35.
Oil Marketing Companies stock stocks were the major gainers of the day while Pharma and Banking stocks were the losers for the day.
Global Markets Update
Hyundai Motor Co and Kia Motors Corp said on Friday they plan to recall nearly 1.5 million vehicles in the United States and South Korea due to engine issues, the latest blow for two firms already struggling in key markets.
Japan’s Nikkei share average edged up in choppy trade on Friday but gains were limited as the U.S. missile strike on Syria curbed investors’ risk appetite.
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