Benchmark indices ended higher as Positive news flow on the Sino-US trade front lifted market sentiment on Monday, driving the Japanese yen to a one-week low thus boosting equities market around the globe to rally significantly.Nifty settled at 12102.75.
Metal and Auto shares were the major gainers of the day while Media shares were among the losers of the day.
Swiss drugmaker Novartis is betting on heart drug prospect inclisiran in a $9.7 billion takeover of The Medicines Co.European shares rose for the second straight session on Monday following reports that Washington and Beijing were nearing a trade agreement, while LVMH gained after signing a deal to buy U.S. jewelry chain Tiffany.The pan-European STOXX 600 index (STOXX) was up 0.6%.
The American health regulator has pulled up Torrent Pharmaceuticals’ US-based subsidiary for violations of good manufacturing practices, including a lack of adequately designed equipment and packing material.
Aurobindo Pharma expects to become a debt free company in the three next years barring the amount it is spending on acquisition of Sandoz products, a senior official of the city-based company has said.
Ashoka Buildcon‘s subsidiary Ashoka Concessions Ltd (ACL) has received a Letter of Award (LOA) from NHAI for a highway project in Telangana worth Rs 1,000 crore.
Reliance Jio Infocomm (RJio),has placed bids for the assets of debt-laden Reliance Communications (RCom) on Monday
CG Power has forayed into the Electric Vehicle segment.CG India has designed and developed a dedicated EV motor for 12-meter passenger buses developed in-house with its own design and technology, the company said in its annual report.
Japan stocks were higher after the close on Monday, as gains in the Paper & Pulp, Railway & Bus and Real Estate sectors led shares higher. The Nikkei 225 rose 0.78%.
Australia stocks were higher after the close on Monday, as gains in the Telecoms Services, Energy and Resources sectors led shares higher. The S&P/ASX 200 rose 0.32%.
Hong Kong stocks climbed after pro-democracy candidates swept the board in district council elections, putting pressure on the city’s government to address issues that have fueled months of protests. The Hang Seng Index rose 1.5%.
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