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Market Snippet
The benchmark indices slumped at the pre-close trade as the firing of a missile over Japan by North Korea rattled investors, while the expiry of local derivatives contracts this week also hit the domestic sentiment. Nifty tanked over 1% to close at 9792.40.
The IT stocks were the major gainers of the day while Pharma and PSU banks were the major losers of the day.

Global Markets Update
Comcast Corp may be best known as a cable company, but it is banking on remote-controlled door locks and cameras as well as other “smart-home” offerings to accelerate its growing home security business.
Japan’s Nikkei share average touched its lowest intraday level in almost four months as a missile fired by North Korea over Japan put investors on edge and increased the yen’s safe-haven appeal.

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Market Snippet
The benchmark indices ended flat in a volatile trading session on Tuesday as investors kept to the sidelines in the absence of clear triggers ahead of the Jackson Hole gathering of central bankers later this week. Nifty ended the session with some marginal gains to close at 9794.
Pharma stocks were the major gainers of the day while Realty and Auto stocks were the major losers of the day.

Global Markets Update
Netherlands-headquartered furniture retailer IKEA will invest 908 million ringgit ($212.10 million) to set up one of its largest regional distribution and supply chain centers in Malaysia.
Japanese stocks inched down on Tuesday to cap their fifth straight day in the red amid lingering tensions on the Korean peninsula, though a strong rally in metals-linked shares helped steady the broader market.

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Market Snippet
Benchmark indices traded lower for the fourth straight session amid weak global cues as the increasing tension between United States and North Korea kept the major world indices lower along with domestic equities market. In intraday session nifty fell as much as 131 points, over 1%, witnessing its biggest intraday fall in 8 months. Nifty ended the session to close at 9854.75. The IT stocks were the major gainer of the day while Realty and Media stocks were the losers of the day.

Global Markets Update
Cooperation talks between Germany’s Volkswagen Group and India’s Tata Motors about joint development of a cheap car for emerging markets, have been ended amicably, a Volkswagen Group source said on Thursday.
Japanese stocks finished slightly lower after a choppy session on Thursday, as investors kept a wary watch on tension over North Korea ahead of Japan’s long weekend.

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Market Snippet
Benchmark indices traded flat on account of weak global cues as European Central Bank is moving closer to unwinding its massive monetary stimulus which disturbed the domestic equities as well. However the markets ended flat with marginal losses and closed above the psychological level of 9650 @ 9668.
Pharma and Realty shares were the major gainer of the day while IT stocks were the major losers of the day.

Global Markets Update
Activist hedge fund Elliott Advisors has filed a second lawsuit in its attempt to oust the chairman of Dutch paints group Akzo Nobel over his rejection of a 26.3 billion-euro ($30 billion) takeover proposal from U.S. group PPG Industries.
Global stocks were mixed to lower Friday ahead of the U.S. nonfarm payrolls report. A slump in oil dampened sentiment as Wall Street closed lower overnight.

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Market Snippet
Benchmark indices traded flat on the last trading session of June F&O expiry as investors and traders remained cautious. However nifty managed to close above the mark of 9500 at 9508.80.Fundamentally the market is in buy trend however the implementation of GST from July 1st 2017 may cause volatile movement ahead. The Metal stocks were the major gainers of the day while Banking and Pharma stocks were the major losers of the day.

Global Markets Update
Logitech has proposed raising its dividend by 10 percent to 0.62 Swiss francs per share, the computer peripherals and mobile speaker maker said on Thursday, after it reported its highest level of operating cash flow in seven years.
Japan’s Nikkei share average neared two-year highs after Wall Street rebounded, with tech shares such as Advantest Corp and Shin-Etsu Chemical outperforming the overall market.

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