Key equity benchmarks rose for a sixth straight session on Monday amid positive global cues. Strong foreign portfolio inflows in the domestic market and firmness in the rupee against the dollar also boosted sentiment.
The Sensex ended above 38,000 mark after slipping below that level in intraday trade. The Nifty 50 settled above 11450 mark. Realty sector were major gainer and Auto sector were major loser of the day.
Overseas, Asian shares were trading higher on Monday as investors awaited developments on the US-China trade front. US stocks closed higher Friday, buoyed by encouraging headlines on US-China trade negotiations and Chinese assurances of forthcoming economic stimulus. European stocks were trading higher on hopes that the US Federal Reserve could sound decidedly dovish at its policy meeting later this week.
Lupin’s subsidiary Novel Laboratories Inc. has received a letter from the USFDA classifying the inspection conducted at its Somerset (New Jersey) facility in December 2018 as Official Action Indicated (OAI).
Karnataka Bank has entered into an agreement with Karvy DigiKormect for total Management of Contact Centre operations.
Zydus Cadila received a final approval from the USFDA for Valsartan and Hydrochlorothiazide tablets.
Bandhan Bank received ‘No Objection’ from the Reserve Bank of India for amalgamation of Gruh Finance with the bank.
Oil India arm entered into a long-term sale and purchase agreement with Tokyo Gas, CNOOC, Centrica and BPCL arm.
Wipro launched artificial intelligence and machine learning solutions which will be powered by Amazon web services to develop supply chain management solutions.
Australia stocks were higher after the close on Monday, as gains in the Metals & Mining, Resources and Materials sectors led shares higher. At the close in Sydney, the S&P/ASX 200 added 0.25%
Saudi Arabia stocks were lower after the close on Sunday, as losses in the Agriculture & Food, Multi Investment and Financial Services sectors led shares lower. At the close in Saudi Arabia, the Tadawul All Share fell 0.23%.
Japan stocks were higher after the close on Monday, as gains in the Chemical, Petroleum & Plastic, Shipbuilding and Chemical sectors led shares higher. At the close in Tokyo, the Nikkei 225 gained 0.62%.
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