Benchmark index loses the morning gains to settle lower as investors turned cautious ahead of corporate earning session starting tomorrow. The earning session is likely to remain subdued due to the impact of GST. Investors also await the retail inflation data due tomorrow, which is likely edged up in September. Nifty ended at 9992.50.IT stocks were the major gainers of the day while banking stocks were the losers for the day.
Global Markets Update
Japan’s Kobe Steel Ltd plunged deeper into crisis on Wednesday as fresh revelations showed data fabrication at the steelmaker was more widespread than initially thought, heightening a safety scare along the global supply chain.
Emirates is open to cooperation with rival Etihad Airways on areas including procurement adding a full merger between the pair was unlikely but up to the owners.
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