The domestic stock market tanked on the very first trading session of the week staring the week on bearish note as the geopolitical tension between US and Iran might take the face of serious war like situation thus sending all the equities market around the globe in jeopardy.

All the major sectoral indexs ended in red with banking stocks losing the most.Global Markets

The world’s most profitable company extended declines Monday after dropping to its lowest closing price yet a day earlier, as the U.S. killing of Iran’s most prominent general last week triggered fresh concern of a wider conflict in the Gulf region. European shares extended losses on Monday as tensions following the killing of a top Iranian general by the United States kept buying restricted to safe havens.STOXX) was down 0.7%.

Stock Snippets

Tatamotors produce a single unit of its entry-level car Nano in 2019 and it sold just one unit in February even as the company is yet to officially retire Ratan Tata’s “people’s car”.

Man Industries (India) Ltd – a member of the Man Group of India – is a manufacturer and exporter of large diameter carbon steel line pipes for various high pressure transmission applications for gas, crude oil, petrochemical products and potable waterhas bagged new export orders worth 400 crore.

Karur Vysya Bank’s Managing Director & CEO PR Seshadri has submitted his resignation citing personal reasons.Board of Directors of the Bank in their meeting held on Monday has accepted the resignation of PR Seshadri.

Road developer IRB Infrastructure has received No Objection Certificate (NOC) from National Highway Authority of India (NHAI) for transfer of nine of its Build Operate Transfer (BOT) assets to IRB Infrastructure Trust and subsequent investment by GIC affiliates for 49 per cent stake in the Trust

Global Markets

Japan stocks were lower after the close on Monday, as losses in the Paper & Pulp, Railway & Bus and Real Estate sectors led shares lower.The Nikkei 225 declined 1.91% to hit a new 1-month low.

China’s Shanghai Composite and the Shenzhen Component both gained 0.4%

Australia stocks were higher after the close on Monday, as gains in the Gold, Energy and Resources sectors led shares higher.The S&P/ASX 200 added 0.03%.

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