Benchmark indices traded lower for the fifth straight trading session as the largest public sector lender SBI and Union Bank of India posted weak quarterly results, meanwhile volatility index India VIX hit its highest in six months. The increasing tension between USA and North Korea also kept the pressure on market to trade lower. Nifty ended the session to close at 9737.60.The Pharma stocks were the major gainer of the day while PSU banks and Metal stocks were the losers of the day.
Global Markets Update
Amazon.com Inc is seeking to partner with U.S. venue owners to sell event tickets, a move that could loosen Ticketmaster’s powerful grip on the lucrative ticketing business. The Seattle-based company sees the U.S. ticketing market as ripe for attack.
Asian shares fell sharply on Friday, hit by tough language between North Korea and Washington that has sparked safe haven demand. President Donald Trump warned of “fire and fury” if North Korea persisted in threatening the U.S.
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