Domestic stocks nudged higher in early trade on positive Asian stocks. A divergent trend was witnessed in morning trade as the barometer index, the S&P BSE Sensex, was trading with small gains while the Nifty 50 index was trading with tiny losses. Fresh selling in index pivotal dragged the key indices to intraday low in mid-afternoon trade. Stocks cut losses in late trade. The Nifty 50 lost 61.45 points and settled at 11604.50. IT sector were major gainer and realty sector were major loser of the day.
Jaguar Land Rover shuts its UK plants on Monday for five days over Brexit, adding to other shutdowns to leave at least half the country’s car production off-line in what could be a pivotal week for Britain’s divorce from the EU. European stocks opened broadly lower on Monday following a week of strong gains, the pan-region STOXX 600 index was down 0.13%.
Cadila Healthcare announced that Zydus Cadila has received the tentative approval from the USFDA to market Tofacitinib tablets (US RLD – Xeljanz Tablets), 5 mg.
Torrent Pharmaceuticals announced that the audit at Dahej Plant was carried out by US Food and Drug Administration (USFDA) in March 2019.
Cyient signed a tripartite MoU with the Govt ofTelangana and Telangana State Aviation Academy (TSAA) to develop and conduct Remote Pilot (Drone Pilot) Training and Certification Programs.
Adani Power has been awarded the Letter of Intent for Korba West Power Company (KWPCL).
TVS Motor Company has launched four new products in Bangladesh.
NIIT Tech said it will acquire Whishworks IT Consulting for Rs287cr.
RBL Bank boards meet on April-19 to consider raising of funds
Asian stocks rose in morning trade on Monday on the back of strong jobs data in the U.S. Meanwhile, progress made on Sino-U.S. trade talks was also supportive. Shares in Hong Kong and China climbed after reopening from a holiday. The Shanghai Composite and the Shenzhen Component rose 0.6% and 0.3% respectively.
Japan stocks were lower after the close on Monday, as losses in the Shipbuilding, Insurance and Banking sectors led shares lower. The Nikkei 225 lost 0.21%.
Australia stocks were higher after the close on Monday, as gains in the Gold, Metals & Mining and Resources sectors led shares higher. The S&P/ASX 200 added 0.58%
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