Benchmark indices traded higher on the second trading session of the week ahead of release of key macroeconomic data of IIP and Inflation tomorrow even as caution prevailed ahead of the earnings season. The consumer price index (CPI)-based inflation is seen climbing to within touching distance of the Reserve Bank of India’s 4% medium-term target in March. Nifty ended the session to close at 9264.45.
Banking and FMCG stocks were the major gainers of the day while Media and Metal stocks were the losers for the day.
Global Markets Update
Japan’s Toshiba Corp filed twice-delayed business results on Tuesday without an endorsement from its auditor, increasing the likelihood that the nuclear-to-TVs conglomerate will be delisted.
Japan’s Nikkei share average fell on Tuesday, as rising geopolitical tensions over North Korea, a stronger yen and renewed uncertainty in the French presidential election hurt investor sentiment
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