Benchmark indices snapped three days winning streak on December 16 after weak WPI inflation for the month of November pulled the Sensex and Nifty Bank from their record highs registered in the early morning trade. At close, the Sensex was down 70.99 points at 40,938.72, while Nifty was down 26 points at 12,060.70.
Among sectors, except IT other indices are ended lower led by the metal, auto, FMCG, energy, pharma and infra.
Japanese beverage maker Suntory said on Monday it would begin selling its first whisky blended in India, as it pushes further into the world’s largest market for the spirit.
Suntory, which already sells whisky in India including from its subsidiary Beam Suntory, would begin selling a new product which uses imported whisky blended in India, a spokeswoman said.
State Bank of India (SBI) signed loan Agreement with KfW, the German development bank, for $277 mn (~Rs.1,958 Crores) for establishing an Energy Efficient Housing Program in India.
V-Mart Retail has opened a new store in the state of Uttar Pradesh. With this total number of stores of V-Mart increased to 255 stores in 189 cities across 19 states and total tally of stores in Uttar Pradesh to 97.
Shares of Ramco Systems surged 3% after China Aircraft Services announced that it has signed an agreement with the company to implement its Aviation Suite V5.8 for end-to-end base and line maintenance operations.
Indoco Remedies announced that its sterile manufacturing facility (Plant II) at Verna, Goa, has received EU GMP certification from the UK Health Regulator.
Reliance Industrial Investments and Holdings Limited (RIIHL), a wholly-owned subsidiary of Reliance Industries Limited (RIL), has entered into binding agreements with Brookfield Infrastructure Partners L.P. and its institutional partners, for an investment of Rs25,215cr.
Japan equities were lower at the close on Monday, as losses in the Paper & Pulp, Railway & Bus and Real Estate sectors propelled shares lower. At the close in Tokyo, the Nikkei 225 lost 0.29%.
Asian shares hit their highest in nearly eight months on Monday after the United States and China agreed on a preliminary trade deal, with Australian shares leading the way on expectations of more easing of monetary policy there.
European stocks on Monday rose to record levels with the Stoxx Europe 600 rising 0.93% to 415.85. The US and China last week said that they have reached a trade deal, central banks in the US and Europe kept interest rates steady, and the Conservative Party won a huge majority, which helped markets continue their upward momentum.
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