Domestic bourses registered strong gains on the account of reports of easing trade war fears between US and China. Gains in European stocks and recovery in Asian shares boosted strong gains on Indices. The sensex settled above the 33000 and Nifty above 10000 Mark.
Media sector were the major gainers and IT sector were the major losers.
Global Markets Update
Equities market from Europe started the week on bullish note with better opening as the fear of trade war eases between China and US.DAX closed higher by 0.3% and STOXX 600 by 0.2%.
Bank of New York Mellon Corp increased its position in shares of Five Below Inc by 0.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission.
Dr Reddy’s Laboratories, which is approved by the US Food and Drug Administration (USFDA) has launched Palonosetron Hydrochloride injection, a therapeutic equivalent generic version of ALOXI (palonosetron hydrochloride) injection.
On Friday, Reliance Industries made announcement to acquire stake in Saavn to form largest platform of music, media & artists.
Technology transfer Agreement signed by BHEL with ISRO for manufacturing of space grade Lithium-ion cells.
After getting final approval from the US drug regulator for Metoprolol Succinate extended release tablets, Cadilah Healthcare share prices rose 4.49.
On Monday, JSW Steel Limited announced that it would invest up to $500 million in Texas for expanding its operation as part of memorandum of corporation between Texas Governor’s offices and its US unit.
The scheme of amalgamation for the merger of Bio Energy Venture 1(Mauritius) Private Limited is approved by Tata Chemicals.
Asian peers too had a bullish start of the week amid relaxed atmosphere of geopolitical uncertainty as the trade war situation between US and China eases a bit.
Japans Nikkei 225 index in Tokyo bounced from six month low and ended 0.7% higher at 20,766.10 points.
China stocks pared their losses on Monday following the same news and ended higher.
Back there in Hong Kong equities reversed the trade as trade war worries eased after reports the United States and China commenced talks to improve U.S. access to Chinese markets.