GLOBAL MARKETS ROUNDUP
Asian stocks dipped on Monday amid a lack of immediate directional cues in light year-end trade, although Japanese shares managed to rise following a rebound in crude oil prices from multiple-year lows.

Investors across asset markets were without some of the usual leads as markets in Europe and North America and many in Asia were closed on Friday for Christmas.

LATEST MARKET UPDATES
• The Nifty50 was at 7,884 up 23 points or 0.30 per cent.
• The S&P BSE Midcap Index was up 0.27 per cent.
• BSE S&P Smallcap Index was trading 0.54 per cent higher.
• ICICI Bank (up 1.5 per cent), GAIL India (up 1.4 per cent)
• Vedanta (up 1.03 per cent), Tata Motors (up 0.94%).
• NTPC (up 0.93 per cent) Bharti Airtel (down 0.84 per cent).
• Tata Steel (down 0.25 per cent).

Another stellar performance in the morning trade is Gail (India). State-owned GAIL India will take 5% stake in the international consortium building the $8.7 billion Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline. The stock has zoomed 2.3% on the Sensex.

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