DAILY MARKET REPORT
Key benchmark indices logged modest gains in a steady session of trade as firmness in Infosys and Reliance Industries boosted gains on the domestic bourses. Key indices remained in the positive zone throughout the day. Domestic stocks snapped three-day fall today, 23 March 2017.The Sensex ended up 164 points at 29,332 and the Nifty ended up 56 points at 9086.
Overseas, European stocks were trading on a mixed note while Asian stocks rose ahead of crucial congressional vote on the US healthcare reform later in the day.
UK retail sales rebounded in February following three consecutive months of decline, data showed, but the underlying trend remained weak, suggesting the industry was unlikely to make a positive contribution to growth in the first quarter. Sales in February grew by 1.4% from the previous month, the Office for National Statistics said, driven by strong sales across all categories, with household goods stores performing particularly well. Compared with the same month last year, sales rose by 3.7%.
US stocks rebounded yesterday, 22 March 2017 after posting the biggest decline since October as technology stocks posted strong gains.