Benchmark indices consolidated and remained range bound on the second trading session of the week and settled marginally lower at 9675.85. The absence of any domestic and global trigger resulted in tight range of trading in domestic market. Gains were capped by range bound action in bank, FMCG, infrastructure and power stocks. IT stocks were the major gainers of the day while Media stocks were the major losers of the day.
Global Markets Update
Lockheed Martin Corp launched on Tuesday a new version of its Super Hercules military transport aircraft at the Paris Air Show, meant for use in special operations.
European equities were higher with German stocks hitting record highs as the euro zone’s leading economy received an upgrade to its growth outlook and market players sold off the pound after digesting BoE governor Mark Carney’s dovish comments.
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