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Indian equity markets continued to reel under pressure on Tuesday, weighed down by banking stocks which have significant exposure to Vodafone Idea debts and weak global sentiment owing to coronavirus outbreak.Nifty Fut settled at 12006.10.

Metal and Auto shares were the major losers of the day while IT and Banking shares were the gainers of the day.   

Global Markets  

Alstom shares fell on Tuesday after the French firm agreed to buy the rail division of Canada’s Bombardier for up to 6.2 billion euros ($6.7 billion).European shares dropped on Tuesday as a revenue warning from Apple Inc sent shockwaves through the tech sector, hammering iPhone parts makers and underlining the impact of the coronavirus outbreak on global supply chains.

Stock Snippets

Carmaker Maruti Suzuki India (MSI) on Tuesday launched BS-VI compliant version of its premium compact car Ignis priced between Rs 4.89-7.19 lakh.The new Ignis is powered by 1.2 litre petrol engine and comes with manual and Auto Gear Shift (AGS) transmission options, the company said in a statement.

Casual dining chain Barbeque Nation Hospitality has filed fresh papers with markets regulator Sebi to raise an estimated Rs 1,000-1,200 crore through an initial public offering.The IPO comprises a fresh issue of shares worth Rs275 crore and an offer-for-sale of up to 98,22,947 equity shares.

Hero MotoCorp on Tuesday announced investment of Rs 10,000 crore over the next 5-7 years on various activities, including research and development and setting up new manufacturing facilities.

Reliance Industries announced a consolidation of its media and distribution businesses spread across multiple entities into Network18.Under the Scheme of Arrangement, TV18 Broadcast, Hathway Cable & Datacom and Den Networks will merge into Network18 Media & Investments

Global Markets

The major Asia Pacific stocks indexes closed mostly lower on Tuesday after Apple Inc. said it will not meet its revenue guidance for the March quarter as the coronavirus outbreak slowed production and weakened demand in China.

Japan stocks were lower after the close on Tuesday, as losses in the Paper & Pulp, Railway & Bus and Real Estate sectors led shares lower.The Nikkei 225 fell 1.40%.

Australia stocks were lower after the close on Tuesday, as losses in the IT, Energy and Gold sectors led shares lower.The S&P/ASX 200 lost 0.16%

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