MARKET WRAP: Sensex loses 156 pts on weak global cues; Nifty ends at 10,738

Sectoral gainers and losers of the day

Gainers and losers of the day on BSE Sensex

Market at close   The S&P BSE Sensex ended at 35,854, down 156 points or 0.44 per cent, while the broader Nifty50 index settled at 10,738, down 57 points or 0.53 per cent.

Bharti Airtel in talks to buy Telkom Kenya: sources India’s Bharti Airtel is in talks to buy Telkom Kenya, the East African nation’s smallest telecoms operator, to create a stronger challenger to market leader Safaricom, three industry sources told Reuters on Monday.   London-based Helios Investment, which owns a 60 percent stake in Telkom, is looking to partly cash out of the investment which it entered in 2015, the sources said. READ MORE

Jet Airways shares jump after report chairman likely to step down Shares in India’s Jet Airways jumped over 18 percent on Monday after a report that founder and chairman Naresh Goyal was likely to step down from the board of the embattled company and give up majority control.   CNBC TV18, citing sources, reported on Monday that Jet was likely to finalise a resolution plan with its lenders this week, and that Goyal would trim his 51 percent stake to 20-25 percent and agree to voting rights on his stake being capped at 10 percent, in a bid to save the debt-laden carrier. READ MORE

Earnings growth may help Indian equities in 2019, say foreign brokerages Valuations remain stretched for Indian equities but foreign brokerages are optimistic that improved macros and the pick-up in corporate earnings growth may help Indian equities to end the year with gains. The elections might bring in volatility but are unlikely to bring sharp swings in the long run. Here are factors, they say, could impact Indian

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