Major headlines & Indian indices

Glenmark Pharmaceuticals received ANDA nod for Deferasirox Tablets for Oral Suspension
M&M reported 22.54% rise in production at 33,888 units in December 2019
GM Breweries Q3 net profit down by 16.3% YoY to Rs. 14 crore

After witnessing losses for two consecutive sessions, benchmark indices ended on a positive note on January 07, as oil prices eased due to a lack of further escalation in Middle East tensions. Gains in realty, banking and metal stocks pushed the domestic markets higher. At the end, Sensex rose by 0.47% or 192.84 points to 40,869.47. The Nifty gained 0.50% or 59.90 points to 12,052.

Investors were also awating advance estimates of FY20 gross domestic product (GDP) expected to be released, by the government, later in the day.

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