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Benchmark indices traded in the red, with metal stocks leading the list of losers after US President Donald Trump’s comment that he would raise tariffs on $200 billion of goods to 25 per cent on Friday from 10 per cent.  Equity markets, which had been largely expecting a trade accord, fell sharply across export-reliant Asia as further talks were thrown into doubt. Nifty ended in red at. Metal shares were the major losers of the day while IT stocks were the major gainers of the day.    

Global Markets

IKEA plans to invest 400 million Euros in France over the next three years as it builds up its new city center stores in the country. European shares were deep in the red on Monday after U.S. President Donald Trump unexpectedly ratcheted up trade tensions between the world’s largest economies by vowing to hike tariffs on Chinese goods by this week, prompting investors to flee riskier bets. European STOXX 600 index had shed 1.4%.

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Dr Reddy’s Laboratories Ltd has launched Testosterone Gel, a therapeutic equivalent generic version of AndroGel (testosterone gel) which is approved by the US Food and Drug Administration (USFDA).

Tata Steel and ThyssenKrupp proposed to combine their steel operations in Europe to form the region’s second-biggest steelmaker.

Auto major Tata Motors likely to phase out small diesel cars from its portfolio as demand is expected to slow down due to upcoming BS-VI emission norms.

Cadila Healthcare’s shares fell as much as 3.6 per cent to Rs 292.85. The stocks had touched a four-year low.

Shares of Tata Chemicals Ltd rose as much 6.44 per cent to Rs 592.35, their biggest intra-day per cent gain since October 2017.

India Grid Trust (IndiGrid), an infrastructure investment trust (InvIT) will acquire five electricity transmission assets worth ₹11,500 crore ($1.66 billion) from Sterlite Power.

Global Markets

The country’s major stock indexes fell the most in more than three years. The blue-chip CSI300 index and the Shanghai Composite Index both tumbled more than 5%.Hong Kong’s Hang Seng index slumped more than 3%.

Australia stocks were lower after the close on Monday, as losses in the IT, Consumer Staples and Consumer Discretionary sectors led shares lower. The S&P/ASX 200 fell 0.82%.

Israel stocks were higher after the close on Sunday, as gains in the Insurance, Financials and Communication sectors led shares higher. The TA 35 added 0.10%. 

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