Key domestic indices sharply came off day’s high in final trading hour and ended modestly higher. Sentiment was boosted by positive global cues backed by fresh hopes of a progress in China-US trade talks. The Nifty 50 gained 45.25 points and settled at 11669.15. Metal sector were major gainer and realty sector were major loser of the day. On the economic front, India’s fiscal deficit touched 134.2% of the full-year revised budgeted estimate at the end of February 2019, data showed Friday.
European shares surged on Monday, as a surprise recovery in China’s factory data and signs of progress in Sino-U.S. trade talks boosted investor sentiment on the first trading day of second quarter.n-European index climbed 0.9%. Novartis agreed to pay $310 million upfront, for some research assets of Boston-based inflammation specialist IFM Therapeutics as the Swiss drugmaker expands its immunology pipeline.
Dr. Reddy’s Laboratories said that its Vishakapatnam facility has been re-inspected by the Regulatory Authority of Germany and considered to be fully compliant.
Cipla received eight GMP observations and 10 PAI observations. These observations are both product specific and GMP observations related to the manufacturing and quality processes.
Havells India started commercial production of air conditioners at its Rajasthan plant.
JSW Energy said it will not pursue the electric vehicles business due to higher than anticipated uncertainties associated with said business.
SRF said that the pollution control board has issued directions to close the operations of its industrial plant in Gujarat due to alleged non-compliance with the provisions of Water (Prevention and Control of Pollution) Act, 1974.
Larsen & Toubro won a large order from Kuwait Oil Company (KOC).The new export gas strategic pipeline and its associated facilities will run a span of approximately 145 km.
Japan stocks were higher after the close on Monday, as gains in the Transport, Fishery and Transportation Equipment sectors led shares higher. The Nikkei 225 gained 1.43%.
MSCI’s broadest index of Asia-Pacific shares outside Japan added 1% and the Shanghai Composite Index rallied 2.4%.
Australia stocks were higher after the close on Monday, as gains in the Consumer Staples, Metals & Mining and Materials sectors led shares higher. The S&P/ASX 200 gained 0.59%.
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