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Market Snippet 
Mirroring weak global cues, Local stocks declined as profit booking emerged in market. In early trade, domestic bourses opened higher, but reversed trend and hit intraday low of the day and extend losses as the day progressed. The health of the market i.e. Market breadth was weak. Nifty 50 lost 57 points and closed at 10657.30. IT and PSU banks sector were the major gainers and metal and realty sector were the major losers of the day.

Global Markets
Goldman Sachs has agreed to review how it sells shares to investors in Australia, after the country’s corporate regulator penalized its local arm for failing to notify the market about dwindling interest in a block trade it conducted in 2015. European shares opened lower on Monday as worries about U.S. trade policies and concerns about German Chancellor Angela Merkel’s coalition government weighed on sentiment.

Stock Snippets

Bharti Infratel annunciated that the approval of Competition Commission of India (CCI) has been received for the proposed merger of Bharti Infratel and Indus Towers.
USFDA gave final approval to Aurobindo pharma to manufacture Ibuprofen capsules OTC, 200mg. Aurobindo’s Ibuprofen capsules are a generic equivalent of Pfizer’s Advil Liqui-Gels Capsules.
To create new steel champion in Europe, Tata Steel and Thyssenkrupp sign definitive joint venture agreements.
The first company in India is Natco Pharma to launch under its brand Hepcinat Plus, the generic fixed dose combination of Sofosbuvir 400 mg and Daclatasvir 60mg Tablet.
Cadilah healthcare limited receives final approval from the USFDA for Triamterene and Hydrochlorothiazide tablets USP.
Dilip Buildcon’s subsidaries received the sanction letter from NBFC and Nationalized Bank to finance their hybrid annuity mode (HAM) projects
Oriental Bank of Commerce revised base rate from 9.45% p.a. to 9.50% p.a. w.e.f. 30.06.2018.

Global Markets

Japan stocks were lower after the close on Monday, as losses in the Chemical, Petroleum & Plastic, Railway & Bus and Construction sectors led shares lower.
Philippines stocks were higher after the close on Monday, as gains in the Holding Firms, Mining & Oil and Services sectors led shares higher. At the close in Philippines, the PSEi Composite added 0.48%.
Taiwan stocks were lower after the close on Monday, as losses in the , Glass and Other Electronic sectors led shares lower. At the close in Taiwan, the Taiwan Weighted fell 0.54%

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