Key equity market barometers ended with small gains after a volatile session on Monday. After initial losses, the market bounced back in early afternoon trade supported by gains in HDFC and Reliance Industries.Gains were capped as IHS Markit expects India’s real GDP growth in 2019-20 fiscal to be slightly below 5%. Sentiment was also fragile as the Reserve Bank of India (RBI) unexpectedly left interest rates unchanged on Thursday.
HSBC has named Georges Elhedery and Greg Guyett as co-heads of the global banking and markets division, which contains the lender’s investment banking business.European stocks edged down with U.S. equity futures and most Asian shares rose as investors looked ahead to a week brimming with potential catalysts, from central bank meetings to a looming America-China tariff deadline.The Stoxx Europe 600 Index dipped 0.2%.
To pass on the benefit of its reducing cost of funds to customers, the country’s largest lender State Bank of India (SBI) has announced the reduction in its 1-year MCLR by 10bps.
Maruti Suzuki’s production higher in November 2019 at 141,834 vehicles.
Zensar Technologies partnered with Education Africa to support students of business management.
KNR Constructions signed a Concession Agreement for KNR Palani Infra Private Limited – HAM Project with NHAI.
Welspun Corp has been awarded contracts for supply of 179 KMT of pipes for multiple projects on a global basis. Out of these 161 KMT will be serviced from USA facility
Reliance Capital requested the debenture trustee to withdraw the proceedings initiated before the Debt Recovery Tribunal
CRISIL reaffirmed its long-term rating on Escorts at AA- with a stable outlook.
Asian stocks edged up on Monday, catching some of Wall Street’s momentum after surprisingly strong U.S. jobs data, although regional gains were capped by concerns about China’s economic slowdown due to the prolonged Sino-U.S. trade war.
Japan’s benchmark Nikkei (N225) added 0.33% while MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.27%
China’s Shanghai Composite stood flat and so did Hong Kong’s Hang Seng (HSI).South Korea’s KOSPI rose 0.4%. Down under, Australia’s ASX 200 also gained 0.4%.
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