Benchmark indices consolidated on the expiry day of April F&O series and ended marginally lower after hitting record highs in the previous session due to profit-booking in recent outperformers. Weak global cues also capped the market gains. However the markets look bullish ahead too as the corporate earning session so far has remained positive for the index.
IT and Banking stocks were the major gainers of the day while Metal and Pharma stocks were the losers for the day.
Global Markets Update
World stocks hit a record high after strong earnings and the prospect of tax cuts for corporate America pushed U.S. shares to stratospheric levels and the euro held on to recent gains as political concerns in France ebbed.
PepsiCo Inc reported higher-than-expected quarterly revenue and profit as the company benefited from demand for its healthier drinks and snacks and kept a tight leash on costs.
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