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Benchmark indices traded positively after opening negatively and sustained the gains throughout the session on account of buying see in metal and realty stocks. However, the selling in IT stocks limited the market gains and kept the nifty to end on a flat note. However, for this week all eyes will be on US President-elect Donald Trump’s inauguration on Friday for any clarity on his economic plans. Nifty ended the session to close 8435. The Realty stocks and PSU Banks were the major gainers of the day while IT stocks were the losers for the day.

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niftyGlobal Markets Update

Shares in German carmakers BMW, Daimler and Volkswagen fell after United States President-elect Donald Trump warned he will impose a border tax of 35 percent on vehicles imported from abroad to the U.S. market.

Japan’s Nikkei share average fell on Monday to its lowest level in more than two weeks, hurt as the yen appreciated on concerns Britain might make a “hard” exit by from the European Union.

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LIC Housing Finance posted 19.2 percent rise in its Q3 net profit which stood at Rs 499.30 crore against Rs 419 crore for the same quarter last year aided by net interest income. NII grew by 22.6 percent year-on-year to Rs 915.4 crore in the quarter ended December 2016.

DHFL (Dewan Housing Finance Corporation) shares rallied after posted 31.7% growth in its October-December quarter numbers which stood at Rs 244.8 crore driven by strong net interest income despite higher tax payment.

Real estate company’s shares continued their upward movement with DLF, HDIL, Indiabulls Real Estate, NBCC etc in an otherwise weak market on back of heavy volumes on NSE.

Jain Irrigation informed that it’s wholly owned direct subsidiary, Jain International Trading B.V (JITBV), which proposes to issue up to $ 200 Mn of unsecured senior notes with a $ 50 Mn over-allotment option, in relation to which the Company proposes to provide a guarantee.

Central Bank has fixed the record date for its lower debt tier 2 bonds. The bank has fixed a record date of January 26 for payments of its annual interest for bonds.

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