Benchmark indices traded higher recovering the losses of the last two previous trading sessions on account of rate cut expectation by RBI in its policy review meeting on Wednesday. Sentiment globally was hit after Italian Prime Minister Matteo Renzi said he would resign following heavy defeat on constitutional referendum, raising political uncertainty in the euro zone. Nifty ended the session to close at 8173. Rate sensitive auto shares gained highest for the day while IT stocks were the major losers for the day.
Global Markets Update
Coca-Cola Co opened a new $100 million facility in Cambodian capital Phnom Penh on Monday to expand its production capacity in the Southeast Asian nation.
Japan’s Nikkei share average fell on Monday after Italian Prime Minister Matteo Renzi’s defeat in a constitutional reform referendum gave investors an opportunity to sell into a market that had rallied to 11-month highs late last week.
Dr. Reddy’s Laboratories announced that it has launched Nystatin and Triamcinolone Acetonide Cream, USP, in the United States market, approved by the USFDA (U.S. Food & Drug Administration); stock ends on a flat to negative note.
Tata Comm shares gains after announced the launch of a major multi-channel brand campaign in India. Designed to highlight the company’s diverse services portfolio that enables digital transformation for businesses and its contribution to the ‘Make in India’ narrative.
Crompton Greaves shares decline after the company extended the date of the Pauwels Spaco deal for the second time, to 6 December 2016.
Rajesh Export today announced that company won an export order worth Rs 786 crores of designer range of gold and diamond studded jewellery and medallions from UAE and the order is to be completed by March 2017.
Yes Bank shares moved higher on the back of positive news flow that has partnered with Ola, India’s most popular mobile app for transportation, to set up Mobile ATMs and enable convenient cash withdrawals for citizens by swiping their Debit Cards.
European shares decline on Monday after Italian Prime Minister Matteo Renzi announced his resignation following a crushing defeat in a constitutional referendum.
Philippines stocks were lower, as losses in the Holding Firms, Property and Industrials sectors led shares lower.
China’s blue-chip index fell the most in six months on Monday the top securities regulator warned against “barbaric” share acquisitions, though small-caps outperformed as a Shenzhen-Hong Kong investment link went live.
Indonesia stocks were higher as gains in the Mining; Infrastructure and Consumer Industry sectors led shares higher.
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