Domestic stocks logged strong gains on first trading day of the week led by index heavyweights HDFC, Reliance Industries and HDFC Bank. Sentiment was boosted after most exit polls forecast a majority for the ruling BJP-led NDA in Lok Sabha polls.After seeing a strong gap-up opening, stocks extended gains as the day’s trading session progressed. The Sensex moved above the psychological 39,000 level after regaining the psychological 38,000 mark in opening trade. The Nifty 50 gained 421.10 points and settled at 11828.25.
Goldman Sachs is in talks to buy B&B Hotels from private equity firm PAI Partners, the companies said on Monday, in a deal which an earlier report from the Financial Times said could be worth 1.9 billion euros. European stocks slipped on Monday as concerns about escalating fallout from a U.S. crackdown on China’s Huawei Technologies offset a slightly more positive tone on trade. European Euro STOXX 600 fell 0.1%.
Eicher Motors got notice on lawsuit in US against Royal Enfield for patent infringement, reviewing complaint
Shares of A2Z Infra Engineering locked at 10 percent upper circuit on Monday after company made one-time settelment with SBI and other financial institutions.
Shares of Welspun Enterprises rose 10 percent intraday Monday after it received provisional completion certificate for commencing commercial operation of the Dewas Industrial Water Supply Project w.e.f. April 30, 2019.
Cipla gained 2.5 percent in the early trade on Monday after USFDA issued zero observations for its Indore facility.
Alkem Laboratories: USFDA issued 4 observations to company’s manufacturing facility located at Baddi.
Bharti Airtel said that based on preliminary information, the rights issue has been over-subscribed.
Jet Airways stock in focus. Robin Kamark, nominee director of Etihad Airways in the Board resigned with effect from May 16.
Japan stocks were higher after the close on Monday, as gains in the Chemical, Petroleum & Plastic, Communication and Steel sectors led shares higher. The Nikkei 225 added 0.24%.
The Shanghai Composite and the SZSE Component were down 0.8% and 2.1%
Australia stocks were higher after the close on Monday, as gains in the Financials, Consumer Staples and Consumer Discretionary sectors led shares higher. The S&P/ASX 200 rose 1.74% to hit a new 5-year high.
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