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Key equity market barometers ended slightly lower after opening higher on Monday. The indices traded in a narrow range for most of the session. Gains in metals, pharma and banks offset the losses in FMCG and auto stocks. Despite hitting an intraday high of 11,946.20, the Nifty 50 index closed below the 11900 mark.

Among sectors, metal, pharma, PSU bank, infra witnessed buying, while auto and FMCG was down.

Global Markets

Emirates has ordered 50 Airbus A350 jets, the Dubai state-owned airline announced at the Dubai Air Show on Monday.The order’s list price sits at $16 billion, but a steep discount is typically negotiated by airlines.Australia stocks were lower after the close on Monday, as losses in the Gold, Utilities and Telecoms Services sectors led shares lower.The S&P/ASX 200 declined 0.40%.

Stock Snippets

Dr Reddy’s Laboratories clarified that the media report relating to the M&A activities of the company are purely speculative and company keep on exploring various opportunities for acquisition and in-licensing/out-licensing activities as part of our normal business practices.

Wockhardt share price climbs 13% after peers and global PE firms in race to buy select divisions

Bharat Heavy Electricals Limited (BHEL) has commissioned two more pumping units each at Package-6 (7x116MW) and Package-8 (7x139MW) of Kaleshwaram Lift Irrigation Scheme (LIS).

Tata Steel share price gained 3 percent on November 18 after company completed stake sale in NatSteel Vina Co. Ltd. (NSV).

Reliance Communications hits 52-week low after company’s Chairman Anil Dhirubhai Ambani has tendered his resignation as director of the company.

Global Markets

Japan stocks were higher after the close on Monday, as gains in the Paper & Pulp, Railway & Bus and Real Estate sectors led shares higher.The Nikkei 225 rose 0.49%.

Israel stocks were higher after the close on Sunday, as gains in the Biomed, Technology and Real Estate sectors led shares higher.The TA 35 rose 0.60% to hit a new 52-week high.

Shanghai blue chips recoup early losses to rise 0.8% (CSI300), though the initial reaction was cautious overall. MSCI’s broadest index of Asia-Pacific shares outside Japan (MIAPJ0000PUS) moved 0.3% higher.

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