Benchmark indices traded lower on the very first trading session of the May F&O derivative series and settled lower on account of profit booking amid weak global cues. However the so far season of corporate earnings has been good for the market and nifty is expected to trade on its long term buy trend. Nifty ended the session to close at 9330.95.
Metal and PSU banks stocks were the major gainers of the day while reality and FMCG stocks were the losers for the day.
Global Markets Update
Amazon.com Inc’s retail and cloud-computing sales rose in the Q1 inching above Wall Street’s expectations and sending the company’s shares to an all-time high in extended trading.
Asian markets eased as President Donald Trump surprised investors with comments on an existing free trade pact with Seoul to calling for payments for a sophisticated anti-missile system no on South Korean soil.
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