Domestic bourses extended gains and hit intraday fresh high in morning trade. Stocks trimmed gains in mid-morning trade. Key benchmark indices hovered in small range and cut the losses in late trade and regained positive zone. Key indices settled on a flat-to-positive note as investors were cautious ahead of Karnataka Assembly poll results tomorrow, 15 May 2018. PSU Banks were the major gainers of the day while Auto sector were the major losers of the day.
Global Markets Update
Australia stocks were higher after the close on Monday, as gains in the Metals & Mining, Resources and Energy sectors led shares higher. At the close in Sydney, the S&P/ASX 200 gained 0.30% to hit new 3 months high. Xerox Corp cancelled a plan of $6.1 billion deal with Fujifilm Holdings Corp in a settlement with activist investors Carl Icahn and Darwin Deason that also hands control of the U.S. photocopier giant to new management.
Federal bank and its subsidiary entered into definitive agreements for Fedfina for issuance of fresh equity shares.
Dena Bank Tumbled 7% after the central bank initiated prompt corrective action against the public sector lender.RBI restricts bank from assuming fresh credit exposure & recruitment of staff.
During 2018-19, J K Cement to raise fund by issue of secured/redeemable NCDs for an amount upto Rs 500 crore.
A scheme of amalgamation between Navkar Terminal and Navkar Corporation approved by NCLT.
Proposal to purchase 11% stake held by L&T Infrastructure Development Projects in Sical Iron Ore Terminals is approved by Sical Logistics.
Over Apple Watch service, Reliance Jio files complaint against Bharti Airtel.
During last fiscal year, Real-estate firm Godrej Properties has cut its net debt by around Rs 650 crore on the back of strong sales bookings and also brought down average borrowing cost by one percentage point.
Philippines stocks were higher after the close on Monday, as gains in the Banking & Financials, Holding Firms and Property sectors led shares higher. At the close in Philippines, the PSEi Composite rose 2.39%.
Japan stocks were higher after the close on Monday, as gains in the Precision Instruments, Machinery and Communication sectors led shares higher. At the close in Tokyo, the Nikkei 225 rose 0.47% to hit new 3-months high.
Taiwan stocks were higher after the close on Monday, as gains in the Electricity, Glass and Other Electronic sectors led shares higher. At the close in Taiwan, the
Taiwan Weighted rose 0.86%.
(Click to submit your details) Just one step to get best trading tips and Recommendation.