Benchmark indices traded flat after hitting a record high for a third straight session as upbeat results from YES Bank Ltd and HCL Technologies and a rally in Asian shares lifted investor sentiment. Nifty scored new life time high on intraday trade session of 10117.90 and settled the July month expiry above 10000 marks at 10022.40.The financial services and Private banking stocks were the major gainer of the day while Pharma and IT stocks were the losers of the day.
Global Markets Update
Network equipment maker Nokia reported a jump in profit on Thursday thanks to a patent deal with Apple and gains in market share though it warned the network business could slow by more than expected this year.
Stocks, bonds and commodities were all on a roll on Thursday as bulls scented a softening in the Federal Reserve’s confidence on inflation that promised to keep U.S. interest rates low for longer.
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