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Market Snippet

Indian shares fell nearly 1 per cent on Monday and were headed for their third straight session of losses on renewed worries about the impact of Britain’s June 23 referendum on whether to leave the European Union and about upcoming central bank meetings. The Nifty ended below 150, down, down 59.45 points or 0.7 percent. BPCL, Lupin, Auro pharma and Dr Reddy were top gainers of the day while IDEA, Tata Motors and Tata Steel were top losers of the day. Shares of industrial companies Larsen & Toubro Ltd, Bharat Heavy Electricals Ltd, and Power Grid Corp of India fell after disappointing industrial production data.

Global Markets Update:

  • Japanese stocks stumbled marking a third straight day of losses as Brexit woes sapped risk appetite and hit equities globally.
  • Walmart Canada stores will stop accepting Visa Inc cards because the credit card provider charges merchants “unacceptably high” fees, the retailer said on Saturday.

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