Benchmark indices traded bullish on the fourth trading session of the week on account of buying interest seen after the major global markets performed well in Trump’s victory in the US precedential election. The effect of a black money crackdown by govt of India also gets factored in. The nifty ended the session to close at 8545.
Banking Stocks will outperform the buying session today while Auto stocks were the losers of the day.
Global Markets Update:
- German trains-to-turbines group Siemens plans a public listing of its $15 billion healthcare business, in a further step to focus on its core strengths of factory automation, industrial software and energy technology.
- China stocks rose to a fresh 10-month high, joining a surprise turnaround in global markets in the wake of a shock win for Republican Donald Trump in the U.S. presidential election.
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