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Key benchmark indices ended with tiny gains in a lackluster trading session. After trading almost flat in early trade, indices inched up in morning trade. Indices traded in a narrow range near flat line in mid-morning trade. Key benchmarks firmed up and hit fresh intraday high in early afternoon trade. Stocks held positive zone in afternoon trade. The Nifty 50 gained 22.10 points and settled at 10934.35. Media sector were major gainer and Realty sector were major loser of the day.        

Global Markets

Sensor specialist AMS, which supplies Apple with components for its face recognition technology, warned that sales in the first quarter could be more than 20% lower than last year as it expects Smartphone demand to remain weak. European shares hit nine-week highs on Tuesday as a recovery in banks and gains in oil stocks on stronger crude prices. The pan-European STOXX 600 index up 0.5%.

Stock Snippets

M&M said that the company will offer pro-active inspection of Rear Axles on its Imperio vehicles manufactured between April to June last year.

The Telecom Tribunal cancelled a Rs2,000cr demand on Reliance Communications, upholding the company’s petition against Telecom Department on one-time spectrum charge issue.

Dr. Reddy’s Laboratories stock in focus as Indivior loses bid for rehearing in Suboxone Patent Case. Indivior Plc was rejected by a US appeals court in its effort to prevent Dr. Reddy’s from selling a generic version of Suboxone Film opioid addiction treatment.

Tata Steel’s request to consider its bid as the ‘most legitimate” one for Bhushan Power & Steel was rejected NCLAT

Jubilant FoodWorks slipped 6.6% after a PTI report suggested that the company was found guilty of not passing on the goods and services tax cut benefit of Rs41.42cr on sale of some products and has been directed to deposit the illegal gains with the government.

Global Markets

Japan stocks were lower after the close on Tuesday, as losses in the Chemical, Petroleum & Plastic, Marine Transport and Retail sectors led shares lower. The Nikkei 225 declined 0.19%.

China stocks were higher after the close on Tuesday, as gains in the Software & Computer Services, Technology and Technology Hardware & Equipment sectors led shares higher. The Shanghai Composite added 1.30% to hit a new 1-month high, while the SZSE Component index unchanged 0%.

Australia stocks were higher after the close on Tuesday, as gains in the Financials, Materials and Metals & Mining sectors led shares higher. The S&P/ASX 200 rose 1.95% to hit new 3-months high.

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