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Key benchmark indices ended with modest losses weighed by selling pressure in late trade. Domestic stocks eked out small gains in early trade. Key indices reversed direction to sink in negative zone in morning trade.Key benchmarks trimmed losses after hitting fresh intraday low in afternoon trade. Key benchmarks hovered in a small range in negative zone in mid-afternoon trade.The Nifty 50 lost 57.40 points and settled at 10831.40. Metal sector were major gainer and PSU Banks were major loser of the day. 

Global Markets

European shares opened higher on Tuesday as investors cheered signs of a compromise in the standoff over the U.S. government funding and positive signals around U.S.-China trade talks. European STOXX 600 was up 0.6%.Nissan Motor Co booked around $84 million in charges related to under-reported compensation for ousted chairman Carlos Ghosn, and slashed its annual profit outlook on weaker global sales.

Stock Snippets

RBI imposes the penalty of Rs1.5cr on Indian Overseas Bank due to non-monitoring of the end use of funds and delays in reporting of fraud in respect of one of its borrowers.

Alembic Pharma’s JV (with Orbicular) received 2 observations from the USFDA inspection at Karakhadi formulation manufacturing facility.

Reliance Capital, in its filing to the exchanges on Tuesday, informed that its Reliance General Insurance Company has filed the draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI).

Larsen and Tourbo Hydrocarbon Engineering Limited (LTHE), a wholly owned subsidiary of Larsen and Toubro, has won a mega order from Sonatrach-Algeria.

Tata Consultancy Services announced that its flagship SaaS platform for banks and financial institutions, TCS BaNCS Cloud, is now available on Amazon Web Services (AWS).

IFCI increased benchmark rates for short term loans by 10 basis points to 9.3%.

Global Markets

Japan stocks were higher after the close on Tuesday, as gains in the Machinery, Glass and Automobiles & Parts sectors led shares higher.The Nikkei 225 gained 2.61%.

Australia stocks were higher after the close on Tuesday, as gains in the Energy, Utilities and Gold sectors led shares higher.The S&P/ASX 200 gained 0.30%.

China’s Shanghai Composite and the Shenzhen Component gained 0.7% and 1.4%.Hong Kong’s Hang Seng Index edged up 0.2%

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