Domestic Bourses surged higher on the very first trading session of the week tracking the global cues besides good sales numbers from auto companies attracted the buying in the stocks. Nifty had a bullish start to new financial year ending with gains at 10270.05.
Pharma stocks were the major gainers of the day while PSU Banks were the major losers of the day.
Global Markets Update
Alibaba, will buy food-delivery platform Ele.me. The deal, is all-cash according to a source cited by Bloomberg, implies a $9.5 billion valuation for the online-delivery platform. Chinese stocks headed lower on very first trading session of the week on account of selling seen in Telecoms, Life insurance shares. The shanghai composite closed in red lower by 0.16%.
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