Benchmark indices traded higher as exit polls predict BJP’s win in Gujarat and Himachal State assembly election; the result is to be announced on Monday. Asian shares edged higher, on track for weekly gains, though sentiment was kept in check by Wall Street’s weakness on concerns about the progress of US tax reform. Nifty closed at 10359.50.Metal stocks were the major gainers of the day while PSU banks were the major losers.
Global Markets Update
Yamato Transport Co, Japan’s largest package delivery company, plans to open a new distribution facility with labor-saving technology near Tokyo early next year.
World shares fell and the dollar slipped against major and heavyweight emerging market currencies, as nagging uncertainty about a U.S. tax cuts package dovetailed with broad-based end-of-year caution.
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