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Key equity market barometers ended with modest losses on Tuesday as negative global cues and firm crude oil prices spooked investors. Profit selling was witnessed in IT and FMCG shares after the strong outperformance in the past couple of months.The market opened lower and extended losses as the session progressed. The Nifty started above 11,950, but soon slipped below 11,900. After hitting an intraday low of 11,844.70, the index managed to close above 11,850.

Global Markets

Domino’s Pizza Group long-serving Chairman Stephen Hemsley will step down from the board, four months after the British pizza delivery chain announced retirement of its chief executive officer. Stocks fell in Europe while U.S. equity-index futures fluctuated in the countdown to major central bank meetings and a deadline on fresh China tariffs. Treasuries and the dollar were steady. The Stoxx Europe 600 Index fell 0.3%.

Stock Snippets

Hero MotoCorp will make an upward revision in the ex-showroom prices of its motorcycles and scooters, effective January 1, 2020.

Bank of Baroda said it will take part in the proposed IPO of UTI Asset Management Co Ltd by way of offer for sale of up to 1.04 crore shares.

SEBI exempted ABR Family Trust from complying with requirements with respect to proposed indirect acquisition of control in SRF.

Sterlite Technologies Limited (STL), a global data networks innovator, informed the exchanges today that it has signed a Memorandum of Understanding (MoU) with Indian Institute of Technology Madras.

Mphasis clarified that $990 million minimum revenue commitment with DXC from September 2016 is not a cumulative calculation. The company and DXC continue to remain strategic partners.

Global Markets

Japan stocks were lower after the close on Tuesday, as losses in the Paper & Pulp, Railway & Bus and Real Estate sectors led shares lower. The Nikkei 225 fell 0.09%.

China’s Shanghai Composite and the Shenzhen Component were down 0.2% and 0.3% respectively

Australia stocks were lower after the close on Tuesday, as losses in the A-REITs, Industrials and Energy sectors led shares lower. The S&P/ASX 200 declined 0.34%

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