Benchmark indices BSE Sensex and NSE’s Nifty 50 continued their winning streak for the sixth session on Monday helped by metal and realty stocks. Positive cues from global markets after US-China trade truce also boosted Indian shares. Sun Pharma shares dived 7.5% after news reports that Sebi is going to reopen insider probe in the company. Also, muted sentiment in auto stocks due to lower-than-expected festive sales added pressure. Hindustan Unilever shares jumped 4% after the company announced merger with GSK’s healthcare business in India. Asian shares rallied on Monday after U.S. and Chinese leaders brokered a truce in their trade conflict. Oil prices surged around 4% after Washington and Beijing agreed a 90-day trade truce and ahead of the Opec meeting this week that is expected to result in a supply cut. India’s GDP grew a lower-than-expected 7.1% in the quarter on an annualised basis, from a more than two-year high of 8.2% in the previous quarter. Source- Live Mint
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