Benchmark indices traded bullish as government of India reaches one step closer to new NPA policy and new steel policy to deal with 6 laks cr of NPA in banking system and to boost the steel production in country respectively. Market also being supported by the FOMC meeeting outcome of unchanged rates in US economy. Nifty ended the session to close at 9381.00 Banking and FMCG stocks were the major gainers of the day while Media and Reality stocks were the losers for the day.
Global Markets Update
Nissan Motor Co’s premium brand Infiniti sold a total of 17,578 vehicles in April, an increase of 12 percent from a year earlier, which pushed the brand’s worldwide sales in the first four months of this year to 84,947 vehicles, up 16 percent.
Asian stocks retreated taking their cues from a subdued session on Wall Street, while the dollar retained gains made after the Federal Reserve’s hawkish policy statement.
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