Domestic stocks ended lower for third session in a row amid negative global cues. Key indices opened with minor losses and traded in a narrow range with small losses in mid-morning trade. Indices came off day’s low in afternoon trade and were trading in a narrow range in mid-afternoon trade. Indices witnessed steep selling pressure in the last hour of trade. The Nifty 50 lost 90.50 points and settled the session at 10663.50. PSU Banks were the major gainers and Metal sector were the major loser of the day.
European market was trading lower while Asian stocks ended mixed, following last week’s market turmoil in the US. US stocks closed steeply lower Frida, as investors digested the implications of a tighter US monetary policy, flagging global growth and uncertainty surrounding US-China trade relations. US equity market on Monday will end early as it is Christmas Eve and will be closed on Tuesday for the Christmas holiday.
Share price of InterGlobe Aviation (Indigo) climbed 1% after the company signed a codeshare and mutual cooperation agreement with Turkish Airlines.
Aurobindo Pharma has received final approval from the US Food & Drug Administration (USFDA) to manufacture and market Vecuronium Bromide Injection, 10mg and 20mg.
Himachal Futuristic Communications Limited (HFCL) has been awarded two contracts worth Rs148cr from L&T. The projects are for the Mauritius metro express project and for the Dhaka metro mass rapid transit system.
Share price of Bharat Heavy Electricals (BHEL) surged 3% after a PTI report claimed that the company is in talks with a US firm to form a joint venture (JV) that will manufacture lithium-ion batteries in India.
Zydus Cadila informed that it has received approval from the USFDA to market Doxycycline Hyclate Delayed-Release Tablets USP (US RLD-Doryx) in the strengths of 75mg, 100mg, and 150mg.
Canada stocks were lower after the close on Monday, as losses in the Clean Technology, Energy and Utilities sectors led shares lower. At the close in Toronto, the S&P/TSX Composite fell 1.14% to hit a new 52-week low.
Mexico stocks were lower after the close on Monday, as losses in the Telecoms Services, Financial Services and Consumer Staples sectors led shares lower. At the close in Mexico, the S&P/BMV IPC declined 0.21%.
Saudi Arabia stocks were higher after the close on Monday, as gains in the Media & Publishing, Telecoms & IT and Industrial Investment sectors led shares higher. At the close in Saudi Arabia, the Tadawul All Share rose 0.44%.
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