Benchmark indices traded higher on the very first trading session of the week baked by rally in FMCG stocks as newly implemented GST bill brings in the hope for the industry that it would reduce the prices and will increase the sales. Global sentiments also remained strong during the domestic trading hours. Nifty ended the session to close at 9621.80.FMCG stocks were the major gainers of the day while IT and Pharma witnessed some selling pressure.
Global Markets Update
Toshiba plans to raise money through a flotation of Landis+Gyr, one of the world’s biggest makers of electric meters, as part of the Japanese group’s scramble to avert financial collapse.
European shares rose starting the second half on a stronger footing with oil stocks and banks leading a broad-based bounce from lows hit last week on worries over tightening monetary conditions.
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