Benchmark indices traded choppy amid selling in PSU banking stocks however the announcement of Infosys Ltd’s buy back has baked the market to end marginally higher. The gains were also capped as investors remained cautious after minutes from the latest US Federal Reserve meeting suggested policymakers are worried about weak inflation. Nifty closed at 9914. The IT stocks were the major gainer of the day while PSU banks stocks were the losers of the day.
Global Markets Update
German carmakers Daimler and BMW may be in talks to combine their car-sharing services Car2Go and DriveNow, Sixt chief executive Erich Sixt, whose company owns part of DriveNow.
Asian stocks edged higher as tensions between the United States and North Korea came off the boil, while the Federal Reserve’s concerns about weak U.S. inflation weighed on the dollar.
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