Domestic Indices climbed to record levels, backed by gains in index heavyweights ICICI Bank, State Bank of India and Reliance Industries. Though, in early trade, market opened higher and hit fresh intraday high. Key benchmark indices paired gains and traded near flat in morning trade. Indices bounced back after hitting fresh intraday low and extended gains as the session progressed. The Nifty 50 gained 41.20 points and settled the day at 11319.55. PSU Banks were the major gainers and IT sector were the major losers of the day.
World stocks fell and the dollar steadied on Monday as a busy week of central bank meetings and company updates started. Japanese government bonds sold off before possible monetary policy tweaks. Deutsche Bank has moved a “large part” of its euro clearing activity to Frankfurt from London because of Deutsche Boerse’s goal of stealing a large part of the euro clearing market from London as Britain exits the Europ Union.
Cadilah Healthcare Limited has received the tentative approval from the USFDA to market Vardenafil Hydrochloride Tablets (US RLD-Levitra) which is used to treat erectile dysfunction (impotence).
Confidence Petroleum India has secured order worth Rs 139.6 crore for supply of 9.01 lakh LPG Cylinders of capacity 14.2 kg to Bharat Petroleum Corporation.
Wockhardt Group has set up its first facility in Middle East for manufacturing of NCEs (New Chemical Entities) catering to the global markets through its Dubai arm of its subsidiary Wockhardt Bio AG.
Aurobindo Pharma has received final approval from the US Food & Drug Administration (USFDA) to manufacture and market Bivalirudin injection, 250 mg/vial.
Maruti Suzuki India inaugurated its 450th Maruti Driving School in Pollachi, Tamil Nadu. With this 450th centre, Maruti Driving School network now covers 212 cities across country.
Shareholders’ gets nod to JK Cement to raise Rs 500 cr via NCDs.
Japan stocks were lower after the close on Monday, as losses in the Finance & Investment, Gas & Water and Chemical; Petroleum & Plastic sectors led shares lower. The Nikkei 225 lost 0.74%.
Philippines stocks were higher after the close on Monday, as gains in the Holding Firms, Services and Industrials sectors led shares higher. The PSEi Composite added 0.93% to hit a new 1-month high.
Taiwan stocks were lower after the close on Monday, as losses in the, Electronic Parts/Components and Electricity sectors led shares lower. At the close in Taiwan, the Taiwan Weighted lost 0.38%.
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