Daily Stock Market Trends & News

Market Snippet:

Benchmark indices cheers a bit the policy rate cut decision by RBI but remained flat on weak global cues as fading hopes for a reduced Deutsche Bank fine and rising expectations of a US interest rate hike pressured the global markets. Nifty ended the session to close at 8769.15 i.e. 31.05 points higher.

ONGC, GAIL, Tata Steel and SBIN were the top gainers of the while Zeel, Coal India, M&M and Ambuja Cement were the top losers of the day.

Global Markets Update:

  • Hong Kong tycoon Peter Woo’s Wharf Holdings Ltd has agreed to sell its telecom business to a consortium of TPG Capital Management LP and MBK Partners for HK$9.5 billion.
  • European shares advanced on Tuesday, with Germany’s Deutsche Bank hitting a two-week high following recent steep losses and the world’s biggest education company Pearson is gaining after encouraging comments by Morgan Stanley.

Nifty:
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