Benchmark indices traded lower as concerns over government crackdown on suspected illegal offshore transfers and tax evasion after an unexpected regulatory order by the capital markets regulator SEBI. Expensive valuation of Indian equities resulted in some profit booking too thus keeping the market lower at the end of the day. Nifty ended the session to close at 10004.30.The Metal stocks were the major gainer of the day while Realty and PSU banks stocks were the losers of the day.
Global Markets Update
Global stocks inched up to a new all-time high on Tuesday, shrugging off weaker-than-expected China’s trade data that clouded an otherwise bright outlook for global growth.
Commonwealth Bank of Australia on Tuesday scrapped its chief executive’s bonus for damaging the bank’s reputation amid allegations it broke money-laundering and counter-terrorism financing rules, but said he retained the board’s confidence.
(Click to submit your details) Just one step to get best trading tips and Recommendation.