Domestic bourses logged small gains on first trading day of the week .Trading for the week began on upbeat note as local stocks drifted higher in early trade and as the day progressed stock extended the gain. But, Indices trimmed gains in late trade. The Nifty 50 gained 19.30 points and settled the day at 10786.95. Though, traders and investors are closely awaiting a series of domestic and global events this week. Media sector were the major gainers and Realty sector were the major losers of the day.
European banking stocks and Italian shares jumped on Monday after the new Italian economy minister promised to keep the country in the euro. Daimler shares fell following a report that up to a million Daimler cars contained illegal defeat devices as Chief Executive Dieter Zetsche prepared to meet the transport minister on Monday.
GAIL (India) announced the inauguration of two Compressed Natural Gas stations at CDA sector – 1 and Bidyadharpur at Cuttak by Minister for Petroleum & Natural Gas and Skill Development & Entrepreneurship, Dharmendra Pradhan.
Larsen & Toubro has won orders across two business segments ie.Rs 2044 crore under water and effluent treatment business and orders worth Rs 166 crore under heavy civil infrastructure business.
Welspun Corp share prices jumped to 1.98% after the company won contracts for supplying 72 KMT of API pipes to American market.
Natco Pharma share prices surged 3.33% after the company declared launching of a generic version of Posaconazole injection.
Lemon Tree subsidiary received final pre-construction approval for 577 room construction in Mumbai.
USFDA approval received to Alembic Pharmaceuticals for its Abbreviated New Drug Application (ANDA) Bupropion Hydrochloride Tablets USP, 75 mg and 100 mg.
Japan stocks were higher after the close on Monday, as gains in the Gas & Water, Transportation Equipment and Railway & Bus sectors led shares higher. At the close in Tokyo, and the Nikkei 225 gained 0.48%.
Philippines stocks were higher after the close on Monday, as gains in the Holding Firms, Mining & Oil and Industrials sectors led shares higher. The PSEi Composite added 0.39%.
Taiwan stocks were lower after the close on Monday, as losses in the Textile and Hotels sectors led shares lower. At the close in Taiwan, the Taiwan Weighted lost 0.06%
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