Benchmark indices ended in one week high supported by Asian and European markets amid a rising rupee. Participants engaged in buying beaten down blue chips at lower and attractive valuations. Further, investors cautiously await the policy decisions of the Federal Reserve and the Bank of Japan (BoJ). The Nifty ended 97.75 points or 1.2 percent at 8206.60 NTPC, SBI, L&T. Maruti and Bharti Airtel were top gainers while Dr Reddy’s Labs, M&M, Sun Pharma, Adani Ports and Axis Bank were losers.
- Global Markets Update:
Asian shares were volatile on Wednesday as a U.S. Federal Reserve policy decision later in the day and Brexit worries kept investors on edge; though China took in stride MSCI’s decision not to include domestic Chinese equities in its indexes.
- The U.S. government development finance institution has launched operations in Myanmar with a $250 million loan to a telecoms company. The Overseas Private Investment Corporation (OPIC) will lend the money to Yangon-based Apollo Towers.
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