The benchmark indices traded higher as India and China agreed to an “expeditious disengagement” of troops in a disputed border area where their soldiers have been locked in a stand-off for more than two months. The decision comes ahead of a summit of the BRICS nations a grouping that also includes Brazil, Russia and South Africa in China next month. Nifty closed at 9915.FMCG stocks were the major gainers of the day while PSU Banks were the major losers of the day.
Global Markets Update
Samsung Electronics Co Ltd expects to invest $7 billion over the next three years to expand its NAND memory chip production in China’s northwestern city of Xi’an.
Japanese stocks ended flat in thin trade on Monday, as investors assessed the impact of a weaker dollar following the Jackson hole central bank conference and casualty insurers fell on worries about the impact of Tropical Storm Harvey.
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