Infosys stocks will be in focus as the IT major will set up three more campuses in Bangalore at an investment of Rs 1,918 crore and create an additional 27,000 jobs.
The BSE Sensex and NSE Nifty were trading in negative terrain on Monday tracking weak global cues. At 9.22 am, Sensex was down 108.14 points at 26,284.24. Similarly, Nifty was down 35.20 points at 7,966.75 during the same time.
Below are the stocks that are likely to be in focus today
Infosys: The stocks of the IT major will be in focus as the Karnataka government on Saturday approved a proposal from Infosys to set up three more campuses in Bengaluru at an investment of Rs 1,918 crore.
Airtel, Idea: Telecom operators Bharti Airtel and Idea Cellular have hiked charges for post-paid customers by 20 per cent in various circles, including the national capital.
Sun Pharma: The country’s largest drug maker had said that a class action lawsuit has been filed against its US arm by some former employees following the shut down of a manufacturing unit at Detroit in Michigan.
UltraTech Cement: UltraTech Cement after market hours on Friday said that it has commissioned a bulk terminal with a capacity of 2 MTPA in Pune, Maharashtra.
Aurobindo Pharma: The company said that it has received the final approval from the US Food & Drug Administration (USFDA) to manufacture and market Raloxifene Hydrochloride Tablets USP 60mg.
Novartis: Novartis India on Friday said it has received FIPB approval to sell its OTC division to GlaxoSmithKline Consumer Pvt Ltd (GSK CPL) and will now proceed to complete the transaction.
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