Benchmark indices traded lower on the very first trading session of the last week of F&O expiry on account of weak global cues as the focus of the market get shifted from central bank policy to the American presidential election ahead of US presidential debate also the market is expected to remain volatile ahead of F&O expiry this week. Nifty ended the session to close 8723 i.e. 108.50 points down. BPCL, Coal India, Zeel, and Lupin were the top gainers of the day while ONGC, Tata Motors, ICICI Bank and NTPC were the top losers of the day.
Global Markets Update:
- Hyundai Motor’s South Korean labor union staged its first full nationwide strike in 12 years on Monday over stalled wage talks, putting the automaker’s earnings and sales targets at risk.
- European stocks declined on Monday as a pullback in the shares of major banking and energy companies weighed on the region’s markets. In addition, Goldman Sach’s have updated their rating for Lloyds from neutral to sell.
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