Benchmark indices traded lower for the fifth continuous trading session on account of weak global cues and profit booking seen before the F&O expiry of September series. The geopolitical tension between US and North Korea also dampened the sentiments worldwide. Nifty ended the session to close at 9879.80.Markets witnessed selling pressure all around but the Realty and Pharma stocks were the major losers of the day.
Global Markets Update
Power grids maker ABB is buying General Electric’s Industrial Solutions business for $2.6 billion in a bet it can improve the division’s lackluster margins over the next five years.
Japan’s Nikkei share average rose on Monday as a weaker yen lifted exporters, while expectations of economic stimulus measures after an election next month supported overall sentiment.
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