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Market Snippet

Benchmark indices will trade almost flat on the very first trading session of the week ahead of RBI Monetary Policy Review due tomorrow on Tuesday, however supportive global cues as better than expected non-farm payroll data in the US kept the lower side of the market capped. Nifty closed the session at new 52 week closing higher to settle at 8711.35.

Hindalco, BPCL, Adani Ports were the top gainers of the day while Bharti Airtel, IDEA, Infratel, NTPC were among the top losers.

Global Markets Update:

  • Japan’s Fair Trade Commission has raided the offices of Amazon.com Inc’s local unit on suspicion of pressuring retailers to offer products at lower prices than on rival sites.
  • China shares rose on Monday, as a surge in coal stocks and sustained interest in property shares ignited by drama involving a major developer offset the impact of worse-than-expected trade data.

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