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As per a regulatory filing, LIC, which had 7.03 per cent stake in Colgate-Palmolive earlier, brought down its shareholding in the company to 5 per cent by selling shares between November 1, 2017, and January 14, 2019.
Get investment & trading tips, stock picks; analysis on stock movements, market predictions and much more from our experts, Gaurang Shah, Head Investment Strategist, Geojit Financial and Ashish Kyal of Wave Strategy Advisors.
The Sensex rallied over 300 points tracking positive cues from other Asian markets. Market sentiment was also upbeat after retail inflation dropped to an 18-month low of 2.19 per cent in December 2018.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was almost flat in early trade while Japan's Nikkei .N225 fell 0.7 percent after a market holiday on Monday.
Troubled Jet Airways' scrip shot up by more than 16 per cent on Monday amidst reports that a rescue deal has been sealed between the cash-strapped airline and its partner, Etihad Airways.
British shares wobbled on Monday, as exports data from China missed expectations and rekindled fears of slowing growth in the world’s second-largest economy while investors braced for a crucial vote on the country’s divorce from the European Union.
World stock markets stumbled and commodities took a hit on Monday after a shock contraction in Chinese trade pointed to deepening cracks in the world’s second-biggest economy and sparked fresh fears of a sharper slowdown in global growth.