Benchmark indices recovered well from yesterday’s fall and traded bullish on the third trading session of the week giving clear sign of intact bullish trend as buying in Pharma stocks lead the index to close higher. Index heavyweights ITC and Reliance Industries rebounded 2.4 % and 0.9 % respectively. Nifty ended the session to close at 9852.50. Pharma stocks were the major gainers of the day while Cement stocks were the major losers of the day.
Global Markets Update
Deutsche Boerse is planning to spruce up the Frankfurt stock exchange as part of a push to try to attract more retail investors. Deutsche Boerse is seeking to broaden its appeal and burnish its image following the collapse of a proposed merger with London Stock Exchange. Global stocks traded near record highs Wednesday after digesting the failure of the U.S. healthcare bill. Wall Street closed mixed overnight, with the Nasdaq composite and the S&P 500 posting record highs.
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