 "Pre-market: Five stocks to watch out in trade today")
Markets are likely to rebound from their recent losses and open higher tracking firm global cues even as upside gains may be capped ahead of the outcome of the US Fed policy meet which ends later today.
At 8:25AM, the early indicator SGX Nifty was up 47 points at 7,991.
Asian shares fimed up on Wednesday tracking overnight gains on Wall Street and on expectations that the US Fed won't raise interest rates soon. Japanese shares were trading with marginal gains while Shanghai Composite and Straits Times were up 0.6% each while Hang Seng shares surged over 1%.
Stocks to watch
Lupin, the fourth largest Indian drug maker, is entering into a partnership with Merck Serono, the biopharmaceutical division of German company Merck KGaA. Lupin will develop products, provide product dossiers and supply finished products to Merck Serono. The latter will be the marketing authorisation holder for the products. The company says this deal could add up to 20 new products to the current portfolio. The first launches are expected in 2016, it added.
Maruti Suzuki India has informed that its Manesar facility crosses 25 Lakh production milestone. The Manesar facility achieved the feat in 7 years and 8 months. A glistening grey Swift Zxi was the 2.5 milionth vehicle that rolled out from the Manesar B Line, the company said in a release.
Apollo Tyres Ltd said that Apollo Tyres Africa Proprietary Limited, a wholly owned step subsidiary of the company in South Africa has voluntarily initiated Business Rescue Proceedings and has appointed a specialist to re-structure its operations and to secure best value for all stakeholders. The evaluation by such specialist will decide the future course of action for the company in South Africa.
Aurobindo Pharma Limited said it has received final approval from the US Food & Drug Administration (USFDA) to manufacture and market Amoxicillin for Oral Suspension USP 125mg/5mL and 250mg/5mL(ANDA 204030).
JSW Steel said that it has submitted a bid to take over the rolling mills of the Piombini Plant of Luchini in Italy subject to terms and conditions.
At 8:25AM, the early indicator SGX Nifty was up 47 points at 7,991.
Asian shares fimed up on Wednesday tracking overnight gains on Wall Street and on expectations that the US Fed won't raise interest rates soon. Japanese shares were trading with marginal gains while Shanghai Composite and Straits Times were up 0.6% each while Hang Seng shares surged over 1%.
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US markets ended higher on Tuesday after the US Fed in its two-day policy meet which started on Tuesday signalled that it would not raise interest rates as of now. The Dow Jones hit a fresh high intra-day to end up 0.6% at 17,131.97, the tech-laden Nasdaq endedup 0.8% at 4,552.76 and the S&P 500 recorded its highest gain in a month to close 0.8% higher at 1,998.98.
Stocks to watch
Lupin, the fourth largest Indian drug maker, is entering into a partnership with Merck Serono, the biopharmaceutical division of German company Merck KGaA. Lupin will develop products, provide product dossiers and supply finished products to Merck Serono. The latter will be the marketing authorisation holder for the products. The company says this deal could add up to 20 new products to the current portfolio. The first launches are expected in 2016, it added.
Maruti Suzuki India has informed that its Manesar facility crosses 25 Lakh production milestone. The Manesar facility achieved the feat in 7 years and 8 months. A glistening grey Swift Zxi was the 2.5 milionth vehicle that rolled out from the Manesar B Line, the company said in a release.
Apollo Tyres Ltd said that Apollo Tyres Africa Proprietary Limited, a wholly owned step subsidiary of the company in South Africa has voluntarily initiated Business Rescue Proceedings and has appointed a specialist to re-structure its operations and to secure best value for all stakeholders. The evaluation by such specialist will decide the future course of action for the company in South Africa.
Aurobindo Pharma Limited said it has received final approval from the US Food & Drug Administration (USFDA) to manufacture and market Amoxicillin for Oral Suspension USP 125mg/5mL and 250mg/5mL(ANDA 204030).
JSW Steel said that it has submitted a bid to take over the rolling mills of the Piombini Plant of Luchini in Italy subject to terms and conditions.