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Key equity market barometers declined after a volatile session on Tuesday. Market sentiment was dented after the International Monetary Fund (IMF) lowered India’s growth forecast. Muted quarterly results by key index constituents and negative global cues also put pressure on domestic shares. On macro front, the International Monetary Fund (IMF) on Monday (20 January) said global growth, estimated at 2.9% in 2019, is projected to increase to 3.3% in 2020 and inch up further to 3.4% in 2021.  

Global Markets

Japanese supermarket chain Aeon Co Ltd, said it aims to start selling eco-certified sushi this year amid growing demand for sustainable seafood and in time for an expected surge in tourists during the Tokyo Olympics. European stock markets are set to open lower Tuesday, following losses in Asia overnight amid worries about the extent of a new virus in China. The DAX futures contract traded 110 points, or 0.8%, lower.

Stock Snippets

NMDC announced a hike of up to Rs 400 per tonne in the prices of lump ore and fines, marking the second increase in rates within a month.

Balrampur Chini Mills said an explosion has occurred in a CO2 tanker at incineration plant which damaged the pipelines/ pumps at one unit of the company.

Vodafone Idea, Bharti Airtel and Tata Teleservices, have filed a modification petition with the Supreme Court on January 20, seeking an extension to the January 23 deadline to pay dues in connection with its Adjusted Gross Revenue (AGR) verdict.

NBCC (India) Ltd. has received a letter of acceptance from Central Coalfield Limited (CCL) to provide Project Management Consultancy services for Construction of Smart Township/Colony Roads, Network and other Road, Services Buildings and other Allied jobs related to mines for Magadh and Amrapali area, Jharkhand.

Cadila Health gets USFDA nod for anti-depression drug, Bupropion Hydrochloride.

Global Markets

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 declined 0.91%.

Australia stocks were lower after the close on Tuesday, as losses in the IT, Utilities and Energy sectors led shares lower. The S&P/ASX 200 fell 0.19%.

Israel stocks were lower as losses in the Oil & Gas, Real Estate and Technology sectors led shares lower. Tel Aviv, the TA 35 fell 0.10%.

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