Benchmark indices traded higher for the third straight trading session ahead of RBI MPC’s two days monetary policy review in which decision is due tomorrow. Growth in manufacturing activities for the second straight month in September also boosted sentiments. Nifty ended the session to close at 9868.45. Metal and FMCG stocks were the major gainers of the day while PSU banks stocks were the major losers of the day.
Global Markets Update
Japan’s Toshiba Corp it is buying back a 10 percent stake in Westinghouse Electric Co from minority shareholder Kazatomprom for 59 billion yen ($522 million), taking full ownership of the bankrupt U.S. unit.
Asian shares rose taking heart from record closes on Wall Street and upbeat economic data that lifted U.S. Treasury yields and the dollar, even as weaker oil prices took their toll on energy stocks.
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