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After opening on a weak note, the benchmark indices continued to drift lower as the day’s trading session progressed. Selling pressure accentuated in late trade pulling the key indices to intraday low. The Nifty 50 index lost 151.15 points or 1.28% to 11,672.15, as per the provisional closing data. Metal stocks slumped. PSU bank stocks fell. Investors turned cautious before this week’s Fed meeting, while a warning from Broadcom on slowing demand weighed on chipmakers and added to U.S.-China trade worries.

Global Markets

Airbus launched a long-range version of its A321neo jet at the Paris Air show on Monday, aiming to carve out new routes for airlines with smaller planes and steal a march on rival Boeing’s plans for a possible new mid-market jet. European shares tip-toed higher alongside government bond yields on Monday, as investors braced for what is shaping up to be a crucial week for global monetary policy.

Stock Snippets

Cadila Healthcare gets EIR from USFDA: The Company’s formulations manufacturing facility located at SEZ, Ahmedabad has received an establishment inspection report (EIR).

Batelco is announcing an extension of its partnership with Tata Communications to offer flexible and reliable data connectivity with expanded global reach; to service providers, mobile network operators (MNO) and ISPs in the Middle East.

Reliance Capital shares fell 10 percent on June 17 despite company selling stake in asset Management Company.

Berger Paints’ independent director Dhirendra Swarup resigned w.e.f. Jun 13, 2019.

Divis Laboratories shares climbed 3.6 percent on June 17 after the US health regulator concluded inspection of Andhra Pradesh unit with zero observation.

Caplin Steriles, a wholly owned subsidiary company of Caplin Point Laboratories, announces that USFDA has completed inspection of its Sterile Injectable site at Gummidipoondi between 6 and 14 June, 2019 and issued two observations.

Global Markets

Japan stocks were higher after the close on Monday, as gains in the Paper & Pulp, Railway & Bus and Real Estate sectors led shares higher. The Nikkei 225 rose 0.03%.

China’s Shanghai Composite rose 0.2%, while the Shenzhen Component was down 0.3%.

Australia stocks were lower after the close on Monday, as losses in the Telecoms Services, Metals & Mining and Resources sectors led shares lower. The S&P/ASX 200 declined 0.35%.

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