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Domestic market ended the volatile session with decent gains as bargain hunting emerged after steep losses in past few trading sessions. Key benchmark indices opened on negative note but recovered intraday losses and ended session in positive note with decent gains. The Nifty 50 gained 100.05 points and settled the day at 11067.45. Pharma sector were the major gainers and Realty sector were the major losers of the day. Market participants were cautious as crude oil was elevated near four-year highs after Saudi Arabia and Russia ruled out immediate production increases.

Global Markets
European stocks traded mostly higher on Tuesday morning, supported bygains among commodity stocks and strong earnings.
British clothing retailer Next (L:NXT) rallied 8.5% after raising its profit guidance. Brent crude prices rising to a fresh four-year high drove shares in oil majors BP (L:BP) and Shell (AS:RDSa) up 0.6 and 0.9 percent respectively.

Stock Snippets

Infosys announced that Infosys Public Services Inc. (IPS) received a CAD $80.3 million contract by Public Services and Procurement Canada (PSPC) to modernize and automate their procurement processes.

Dilip Buildcon said it was declared L-1 bidder for a new EPC project ‘Navnera Barrage (Dam) under Phase 1/A’, valued at Rs 601.02 crore by the Water Resource Department, Kota, Rajasthan.

Mangalam Drugs & Organics said that it recently received the final approval from World Health Organization (WHO) for the drug Efavirenz.
SBI Life Insurance Company announced that BNP Paribas Cardif SA may consider reducing its shareholding in the company to ensure compliance with minimum public shareholding requirements in accordance with applicable law.

Himachal Futuristic Communications has received the Purchase Order (‘PO’) worth Rs.558.36 crore approx. from BSNL, New Delhi.
Share prices of Suven Life Sciences were trading 3% up after securing product patents from Canada and Sri Lanka.

Global Markets

Australia stocks were higher after the close on Tuesday, as gains in the Energy, Resources and Metals & Mining sectors led shares higher. At the close in Sydney, the S&P/ASX 200 rose 0.01%.

Taiwan stocks were higher after the close on Tuesday, as gains in the Hotels, Other and Transport sectors led shares higher. At the close in Taiwan, the Taiwan Weighted rose 0.06%.

China stocks were lower after the close on Tuesday, as losses in the Real Estate Investments & Services, Travel & Leisure and Financials sectors led shares lower. At the close in Shanghai, the Shanghai Composite declined 0.58%, while the SZSE Component index fell 0.66%.

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