Benchmark indices witnessed profit booking on the last trading session of the week to end flat after hitting new life time high. Although, market sentiments has been bolstered as Prime Minister Narendra Modi’s ruling party won the key state elections in Uttar Pradesh, and after the US Federal Reserve stuck to its planned tightening pace this year. The market is expected to remain in buy trend for coming trading sessions too. Nifty ended the day at 9168. FMCG were the major gainers of the day while PSU Banks ans Media shares were the losers of the day.
Global Markets Update
McDonald’s Corp investors will vote soon on whether to give the franchisees who operate most of the fast-food chain’s restaurants the opportunity to elect a board member.
U.S. stocks were mixed after the close on Friday, as gains in the Utilities, Telecoms and Basic Materials sectors led shares higher while losses in the Financials, Healthcare and Consumer Goods sectors led shares lower.
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