The benchmark indices ended largely flat on Monday.
The S&P BSE Sensex
ended at 36,241, up 47 points or 0.13 per cent, while the broader Nifty50 index settled at 10,884, up 7 points or 0.06 per cent.
In sectoral indices, the Nifty
Metal index ended 2 per cent higher led by a rise in Jindal Steel & Power and Vedanta.
Among key stocks, shares of Sun Pharmaceutical Industries fell 7.6 per cent to end at Rs 455 per share on the BSE on reports that the market regulator, the Securities and Exchange Board of India (Sebi), has initiated an inquiry into the affairs of pharma major on the basis of a whistle-blower complaint.
Unilever - GSK in focus
Shares of Hindustan Unilever (HUL) and GlaxoSmithKline Consumer Healthcare (GSKCH) moved higher on the BSE, after their respective boards approved their merger, subject to obtaining requisite approvals from statutory authorities and shareholders.
settled at Rs 1835, up 4.6 per cent, while the GSKCH ended 3.6 per cent at Rs 7,531 on the BSE.
Multinational consumer goods major Unilever on Monday confirmed it was acquiring Horlicks
and other health food products in an all-equity merger of Hindustan Unilever Ltd (HUL) with publicly listed GSK consumer
The merger of HUL
with GSK Consumer
Health will be on the basis of an exchange ratio of 4.39 HUL
shares for each GSK Consumer
Health share. The deal also includes the acquisition of certain other commercial operations and assets outside of India. READ MORE HERE
Asian shares posted their biggest monthly gain in 10 months in November on hopes US-China trade tensions would ease and on expectations of fewer US rate hikes in the coming quarters. The MSCI Asia-Pacific index gained 2.74 per cent last month, its biggest monthly gain since January. Share markets
in Hong Kong, India and Indonesia led the region with gains of 6.1 per cent, 4.7 per cent and 3.9 per cent, respectively