The market declined for second straight trading session on Monday, dragged by weakness in financial stocks. Negative cues from other Asian indices also put pressure on the bourses.
The Nifty saw a gap-down opening and extended losses as the session progressed. The index hit fresh intraday low of 11,390.80 in early afternoon trade. Buying emerged at lower levels, pushing the Nifty above 11,500 mark in the mid-afternoon trade. After some volatility, it managed to close above 11450 mark.
British-based digital banking app Revolut is set to hire around 3500 staff as it expands into 24 new markets thanks to a new global deal with payments giant Visa Inc. European shares were lower on Monday, with shares of oil major BP lagging, while fresh concerns about U.S.-China trade and looming U.S. tariffs on European imports added to the pessimistic mood.European oil & gas sector (SXEP) fell 0.4%.
Lupin launched Sildenafil Tablets USP, 25 mg, 50 mg, and 100 mg, having received an approval from the United States Food and Drug Administration (USFDA) earlier.
Shares of Indiabulls Housing Finance cracked 38 percent on concerns over its merger with Lakshmi Vilas Bank, which has been placed under the Reserve Bank of India’s prompt corrective action plan.
YES Bank has received acknowledgment from the Reserve Bank of India to go ahead with the proposed increase in its authorized share capital.
Reliance Capital touched 52-week low of Rs 26.70, declining 5 percent on September 30 after company concluded the sell its stake in Reliance Nippon Life Asset Management.
The Rs 645-crore public offer of the IRCTC had been subscribed 33 percent a few hours after the IPO opened on September 30.
Shares of Kalpataru Power Transmission added nearly 4 percent on September 30 after company bagged an order worth Rs 775 crore in T&D business from government and private clients.
Japan stocks were lower after the close on Monday, as losses in the Paper & Pulp, Railway & Bus and Real Estate sectors led shares lower.The Nikkei 225 lost 0.56%.
Australia stocks were lower after the close on Monday, as losses in the IT, Consumer Discretionary and Gold sectors led shares lower.The S&P/ASX 200 declined 0.41%.
Chinese stocks fell Monday after a report that the Trump administration is considering ways to limit U.S. investors’ exposure to Chinese assets.
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