Wall Street Ends Lower: The Three Major US Stock Indexes Declined On Monday

Shares in Asia inched higher and safe-haven assets gave up some overnight gains on Tuesday, as investors paused for breath after a volatile Wall Street session, but deeper concerns about growth have capped broader improvements in risk sentiment.

The three major US stock indexes declined on Monday on weaker-than-expected economic data, while shares of Alphabet, Facebook and Amazon.com fell sharply on fears the companies are the targets of US government antitrust regulators, putting pressure on the tech-laden Nasdaq.

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Bajaj Auto Reported A 3 Percent Increase In Its Sales At 4.19 Lakh

Bajaj Auto reported a 3 percent increase in its sales at 4.19 lakh units for May, against 4.07 lakh units sold in same month last year.

Domestic sales increased 5 percent to 2.35 lakh units against 2.24 lakh units while exports increased 1 percent to 1.83 lakh units against 1.82 lakh units.

Motocycle sales jumped 7 percent to 3.65 lakh units, but three-wheeler sales fell 16 percent to 54,167 units compared to same month previous fiscal.

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Benchmark Indices Opened Marginally Higher With Nifty Reclaiming 11,950 Levels

Benchmark indices opened marginally higher with Nifty reclaiming 11,950 levels despite correction in global markets.

HPCL, BPCL, IOC, Hero Motocorp, Bharti Infratel, HDFC, GAIL and Wipro gained. Tata Motors, Yes Bank, Eicher Motors, M&M, Hindalco and Maruti are under pressure.

Indian markets are expected to open positive on the back of a sharp decline in global crude oil prices. Also, markets are expected to react to GDP data and would watch developments on the global trade war situation, ICICI Direct said.

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Major Stocks In Asia Were Trading Lower Amid Increasing

Major stocks in Asia were trading lower amid increasing concerns over the state of global trade which could hit global growth.

China's Shanghai Composite was down 0.7 percent, Japan's Nikkei fell over a percent and Hong Kong's Hang Seng declined 0.5 percent.

SGX Nifty indicated higher opening in equity markets despite correction in global peers following fresh trade concerns between US and Mexico.

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Shares Price Of Glenmark Pharma Fell 3 Percent As Global Brokerage

Glenmark Pharma fell 3%: Shares price of Glenmark Pharma fell 3 percent as global brokerage house CLSA downgraded the stock after March quarter earnings missed analyst estimates.

Coal India shares rallied 4 percent as global brokerages remained bullish on the stock after the fourth quarter earnings beat analyst expectations.

Global brokerage firms remained positive on state-owned oil & gas exploration company ONGC despite a weak Q4 show, with CLSA expecting a big re-rating on the stock.

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Larsen & Toubro Has Received Approval From Capital Market Regulator SEBI

Larsen & Toubro has received approval from capital market regulator SEBI for Mindtree open offer, reports CNBC-TV18 quoting sources.

Sources said L&T is likely to launch Mindtree open offer by June 18 and to bring in open offer at Rs 980 per share, the closing price on May 30.

The engineering and infrastructure major currently owns 29 percent stake in Mindtree.

L&T is yet to respond to CNBC-TV18's query w.r.t Mindtree open offer.

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The Sensex Is Up 149.96 Points Or 0.38% At 39981.93, And The Nifty Up 60.40 Points

The Sensex is up 149.96 points or 0.38% at 39981.93, and the Nifty up 60.40 points or 0.51% at 12006.30. About 530 shares have advanced, 311 shares declined, and 46 shares are unchanged.

Bharti Airtel, HDFC Bank, JSW Steel, Coal India, HPCL, Berger Paints, IndiGo and Tata Steel are some of the major gainers on the indices in the early trade, while losers are ONGC, HUL, Kotak Mahindra Bank and

All the sectoral indices are trading higher led by metal, pharma, bank, IT, auto, FMCG, pharma and infra.

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