Benchmark indices traded higher on the last trading session of the week after an uncertain close of yesterday. The Sovereign rating upgrade of India by S&P talks kept the market in buy mode for the session and nifty 50 settled higher at10409.30. Global cues remained mixed for the domestic equities today. IT and FMCG shares were the major gainers of the day while Metal and PSU bank shares were the losers of the day.
Global Markets Update
Shares in Mitsubishi Materials Corporation slumped more than 11pc after the industrial conglomerate became the latest Japanese company to admit to falsifying quality assurance data.
Asian shares hovered below their 10-year peak on Friday while mainland Chinese shares dropped to three-month lows after big falls the previous day on concerns about fresh government steps to curb financial risks and rise in Chinese bond yields.
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