Benchmark indices traded marginally higher on the fourth trading session of the week ahead of the exit poll results this evening. Actual results will be announced on Saturday, and will help to shape the next two years of Modi’s government as it heads for the 2019 general election. BJP win could take the market very close to the new high. Nifty ended the session to close at 8956.30.PSU Banks and Auto shares were the gainers for the day while Metal and Pharma stocks were the losers of the day.
Global Markets Update
U.S. electronics chain RadioShack Corp filed for bankruptcy on Wednesday for the second time in a little over two years, faced with a challenging retail environment and an unsatisfying partnership with wireless provider Sprint Corp.
European shares rose on Wednesday, with results-driven gains from German sportswear company Adidas and British security company G4S partly offset by losses from EDF and Boskalis.
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