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Key benchmark indices ended with decent gains, backed by strength in index pivotals Reliance Industries, Kotak Mahindra Bank, Infosys and HDFC Bank.After opening on a flat note, key benchmarks reversed trend and hit fresh intraday high in morning trade. Indices came off day’s high in mid-morning trade. Benchmarks turned range bound in early afternoon trade. Indices further pared gains in late trade.The Nifty 50 gained 54.90 points and settled the day at 10961.85. Pharma sector were major gainer and realty sector were major loser of the day.

Global Markets

European shares slipped on Monday from six-week highs after China’s fourth-quarter growth figures confirmed a slowdown in the world’s second-biggest economy with 2018 its weakest year since 1990.The European STOXX 600 fell 0.3%.GlaxoSmithKline PlcChairman Philip Hampton will step down after more than three and a half years in the role, as Britain’s biggest drugmaker prepares to split its business into two.

Stock Snippets

Reliance Infrastructure subsidiary Delhi Airport Metro Express Private Limited (DAMEPL) to move to Supreme Court against the arbitration award in the matter of Delhi Metro Rail Corporation (DMRC).

MOIL signed a MoU with the Gujarat Mineral Development to take up joint exploration of manganese bearing area and to conduct mining operations in Gujarat.

Raymond stock in focus as media report stated that the Sebi has issued showcause notice to the company. Raymond alleging multiple securities market voilation, report added.

Wockhardt has received approval from the USFDA for an ANDA for 100mg and 400mg tablets of Imatinib Mesylate, which is used to treat many kinds of cancers and tumors.

Sebi rejected Larsen & Toubro’s Rs9,000cr share buyback plan, citing compliance issues over its post-buyback debt-equity ratio.

Sun Pharmaceutical Industries lost 8.58%. Sun Pharmaceutical Industries during market hours today clarified that it has not received the alleged 172-page whistle blower complaint

Global Markets

Japan stocks were higher after the close on Monday, as gains in the Chemical, Petroleum & Plastic, Mining and Shipbuilding sectors led shares higher.At the close in Tokyo, the Nikkei 225 added 0.26% to hit a new 1-month high.

Taiwan stocks were higher after the close on Monday, as gains in the Auto, Oil, Gas & Electricity and Semiconductor sectors led shares higher.The Taiwan Weighted added 0.54% to hit a new 1-month high.

Australia stocks were higher after the close on Monday, as gains in the Consumer Discretionary, Consumer Staples and Telecoms Services sectors led shares higher.The S&P/ASX 200 added 0.18% to hit a new 1-month high.

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