Strong buying demand in index pivotals pushed the key indices sharply higher in a steady session of trade.The Sensex settled above the psychological 37,000 mark after moving above and below that level in intraday trade.The Nifty 50 gained 132.65 points and settled at 11168.05. Metal sector were major gainer and IT sector were major loser of the day. Investors awaited more details about US – China trade talks. US stocks finished lower Friday for a fifth session in a row, after a disappointing jobs report added to concerns about slowing global growth.
Shares of Boeing Co slid 9% in early trading on Monday as many airlines grounded the planemaker’s best selling 737 MAX 8 passenger jet following the second deadly crash involving the plane. European shares recovered on Monday with merger talk lifting the battered banking sector and helping offset lingering worries over a slowdown in the global economy. European STOXX 600 index was up 0.3%.
Shares of Dilip Buildcon spurted 7% on Monday after the company emerged as the lowest bidder for road project of National Highway Authority of India
Punj Loyd in its filing to the exchanges informed that the National Company’s Law Tribunal (NCLT) has admitted an insolvency plea against the company filed by ICICI Bank.
Oil India awarded two blocks as part of the Discovered Small Field Bid Round – II.
NCLT Ahmedabad approved Reliance Industries-JM Financial resolution plan for Alok Industries insolvency process.
TCS has launched a new version of the Metadata Registrv and Transformation (MRT) Platform that helps life sciences companies streamline their clinical data management.
Kalpataru Power Transmission as secured new orders / notification of award of Rs.1,288 crore.
Shares of NBCC gained 3% after the company secured orders worth Rs700cr from Raipur SMART City Limited (RSCL).
Japan stocks were higher after the close on Monday, as gains in the Power, Paper & Pulp and Gas & Water sectors led shares higher.The Nikkei 225 rose 0.47%.
Australia stocks were lower after the close on Monday, as losses in the Energy, Consumer Discretionary and Consumer Staples sectors led shares lower.The S&P/ASX 200 lost 0.38%
China’s blue-chip CSI300 index gained 1.3 percent after Friday’s 4.0% fall, which was triggered after CITIC Securities issued a rare “sell” rating on a major insurer and by a clampdown on gray-market.