Benchmark indices traded in green on the first trading session of the week on account of supportive global and domestic causes. Risk appetite in global markets improved following gains in global oil prices after Venezuela said OPEC and non-OPEC producers were close to reaching an output stabilizing deal. Nifty ended the session to close in green at 8808.40 i.e. 28.55 points higher. Indusind bank, Auropharma, TCS and Tata Power were the top gainers of the day while Maruti, Bajaj Auto, Axis Bank was the top losers of the day.
Global Markets Update:
- Alibaba Group Holding Ltd will hold another round of fundraising but it is hoped that the money raised in March will be sufficient for a year to 18 months.
- Asian shares advanced on Monday as markets wagered the US Federal Reserve would skip a chance to raise rates this week, while oil bounced on talk of an OPEC deal on output and reports of fighting around Libyan oil ports.
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