Benchmark indices ended at record closing highs as the three-day Monetary Policy Committee meeting started. The fall in crude oil prices, stronger rupee and hope of rate cut after weak Q4 GDP data boosted sentiment.The Sensex hit day’s high above the psychological 40,000 level and the Nifty hit day’s high above the psychological 12,000 level.On the macro front, India’s economic growth rate slowed to five-year low of 5.8% in January-March 2018-19, due to slackness in agriculture and manufacturing sectors, official data stated.
Goldman Sachs Group Inc’s West Street Capital Partners VII, a fund managed by the company’s merchant banking unit, will acquire Capital Vision Services LP. The evidence that President Donald Trump’s trade war is choking the global economy is increasingly hard to ignore, and stock markets everywhere are pricing in a sharp slowdown in growth.The benchmark Euro Stoxx 600 was down 2.7 points.
NCLT approves amalgamation of Indus Towers and Bharti Infratel.
NCLT approved resolution plan submitted by Tata Steel for acquiring the controlling stake of Bhushan Energy under IBC.
Castrol India said that it has joined hands with 3M India to bring a range of vehicle care products for the automotive after-market.
Ceat signed a power purchase agreement with Greenzest, by setting up a captive solar plant in Maharashtra.
Vedanta has urged Zambian Government to resolve a dispute in talk and Konkola Mine has suspended operations
Dilip Buildcon has executed EPC agreement with NHAI for a highway project in Maharashtra valued at Rs 480.06 crore.
APL Apollo said it has completed the acquisition of production unit located at Chegunta, Hyderabad, one of the units of Shankara Building Products.
Biocon fixed June 13 as the record date for issue of bonus shares.
Japan stocks were lower after the close on Monday, as losses in the Automobiles & Parts, Mining and Shipbuilding sectors led shares lower. The Nikkei 225 lost 0.92% to hit a new 3-months low.
Australia stocks were lower after the close on Monday, as losses in the Energy, Telecoms Services and Resources sectors led shares lower. The S&P/ASX 200 declined 1.19%.
Philippine shares rose nearly 1.5% on Monday, extending gains into a fifth session, as a promise of further policy easing by the central bank chief lifted risk sentiment, while Malaysian stocks gained on a surprise rebound in monthly exports.
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