Indian Equity Analysis News

Market Snippet:
Benchmark indices traded higher on the second trading session of the week supported by strong global cues as the doubt of a rate hike in US economy boosted the sentiments. Nifty closed the session at a yearly high to settle at 8744.35 i.e. 137 points higher. The buying strength may continue in the market and rally can be seen as broader market is also witnessing buying strength.

Ambuja Cement, Bosch India, Grasim and ACC were the top gainers of the day while Bhartiairtel, IDEA, and Zeel were the top losers of the day.

Global Markets Update:

  • EU antitrust regulators ordered Apple on Tuesday to pay up to 13 billion euros ($14.5 billion) in taxes plus interest to the Irish government after ruling that a special scheme to route profits through Ireland was illegal state aid.
  • Japanese stocks ended marginally lower as the yen’s extensive retreat stalled and as investors awaited U.S. job data later this week for more clues on a possible U.S. interest rate hike this year.


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