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Market Snippet
The benchmark indices settled the day on record closing highs as investors remained optimistic on the June corporate results. Markets also shrugged off the global weakness with Asian markets ending mixed ahead of the joint OPEC and non-OPEC ministerial meeting later in the day. Nifty saw gap up opening and remained strong throughout the session and ends above 9950 mark for the first time ever led by PSU Banks and IT sector while it still looks strong on charts.

Global Markets Update
Samsung Electronics plans to triple the market share of its contract chip manufacturing business within the next five years by aggressively adding clients, a senior company executive said, as it targets new growth drivers for the chips business.
European shares dipped with the autos sector hitting its lowest level this year after anti-trust regulators opened an investigation into regional carmakers while price war worries hurt airlines.


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