Benchmark indices volatile and ended marginally higher on the last trading session of the week on account of firm global cues. But investors remained wary ahead of key economic data of industrial production (IIP) for December to be released later today. Nifty ended the session to close above the psychological level of 8800 at 8809.35.
The IT stocks were the gainers for the day while Pharma stocks were the losers of the day.
Global Markets Update
Coca-Cola Co forecast a surprise drop in full-year profit as costs related to refranchising its U.S. bottling operations also offloading much of bottling business to cope with falling demand.
Wall Street’s surged to fresh record highs after President Trump plans to announce the most ambitious tax reform plan since the Reagan era in the next few weeks. Global Markets cherished the news as the business friendly tax will boost economic growth.