Equity benchmarks as well as broader markets lost more than half a percent as traders remained cautious ahead of IIP and inflation data due later in the day. Globally investors turned cautious after hung parliament result in the UK general elections and ahead of central banks meetings during the week. Nifty saw gap down opening but able to sustain above its importanat support 9600 mark and closed above it for now 9650 will be act as an immdieate resistance for now.
Global Markets Update
The German Transport Ministry has ordered the KBA watchdog agency to examine the emissions of sports car maker Porsche a unit of Volkswagen a ministry spokesman said on Monday following a critical media report.
Asian stocks fell with electronics heavyweights such as Samsung Electronics knocked lower by a slide in U.S. tech shares and caution ahead of this week’s U.S. Federal Reserve policy meeting.
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