Nifty is up by 0.3 per cent on Thursday
(Photo-DC/FIle)
Mumbai: The Nifty is up 0.3 per cent tracking firm Asian shares, headed for fourth consecutive day of gains. Soft global economic data sparks hopes of continued monetary stimulus.
Blue-chips stocks lead, with HDFC Bank Ltd up 2.2 per cent, and ITC Ltd up 0.8 per cent. Also, overseas investors bought shares worth 7.18 billion rupees ($117.55 million) on Wednesday.
However, Tata Steel is down by 0.7 per cent, while Oil and Natural Gas Corp is down 0.4 per cent after their April-June earnings lagged estimates. Markets are closed on Friday for Independence Day.
( Source : reuters )
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