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Market Snippet
Markets sustained at higher levels after a remarkable bull rally of 5% in the last week and closed the intraday session in green territory. It seemed to be a tough session as market breadth was negative as benchmarks faced resistance around the psychological resistance levels. This week will mark the last batch of corporate results, monsoon advancement in the country and global cues might affect the markets. Indian GDP is scheduled for tomorrow evening.

Auto, IT, Metal sectors were among the leaders of index while Realty and FMCG capped the gains.

Global Market Updates:

  • HSBC has introduced stricter rules for the use of safety deposit boxes which customer use to store valuables, but which are at risk of being abused for money laundering and terrorism financing.
  • European share gains after Fed Reserve Chair suggested that an interest rate hike in the United States may be around the corner.

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