Key benchmark indices ended with sharp losses on weak global stocksTrading for the week began on a subdued note as domestic stocks dropped in early trade on negative Asian stocks.Key indices hit fresh intraday low in mid-afternoon trade on fresh selling in index pivotals. Stocks cut losses in late trade.The Nifty 50 lost 102.65 points and settled at 11354.25. All the sectorial indices ended on negative note among them Media and realty were major losers of the day.
European markets dipped but found resistance as positive German business climate figures countered Friday’s economic-data-driven selloff. The Stoxx 600 SXXP, -0.37%.
Viacom Inc has renewed its contract with AT&T Inc, avoiding a blackout of MTV, Nickelodeon and Comedy Central for DirecTV users.
Tata Motors to increase prices of its passenger vehicles from April 2019 by up to Rs25,000. The hike in prices is due to rising input costs and external economic conditions.
Dr. Reddy’s Laboratories’ Hyderabad Unit receives no observation under form 483 by the USFDA. The inspection was completed on March 21.
Infosys to invest $10 mn in venture capital investment entity House Fund II, targeting startups from the University of California, Berkley.
The Construction arm of L&T has secured orders from prestigious clients across different states in India.
Reliance Communication Enterprises has pledged 4.52% of its holding in Reliance Communications (RCom) amounting to 12.50cr shares with private sector lender IndusInd Bank
NTPC said that Unit-3 of 250 MW of Bongaigaon Thermal Power Project (3 X 250 MW) will be declared on commercial operation with effect from 26 March 2019.
Japan stocks were lower after the close on Monday, as losses in the Chemical, Petroleum & Plastic, Shipbuilding and Pharmaceutical Industry sectors led shares lower.The Nikkei 225 fell 3.01% to hit a new 1-month low.
Australia stocks were lower after the close on Monday, as losses in the IT, Energy and Resources sectors led shares lower.The S&P/ASX 200 fell 1.11% to hit a new 1-month low.
France’s CAC 40, PX1, -0.12% which led the regional declines Friday falling just over 2%, was flat at 5,264.89.
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