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The markets have kicked off the first trading day of the week on a weak note, tracking the weakness in China and the mixed cues from the other Asian markets.
At 9.16am, the Sensex was at 26,248, weaker by 143 points or 0.5% and the Nifty was at 7,962, down 39 points.
Meanwhile, the government will release gross domestic product (GDP) data for Q1 June 2015 today, 31 August 2015.
In other news, the India Meteorological Department (IMD) said in a daily report issued on Sunday that for the country as a whole, cumulative rainfall during this year's monsoon season was 12% below the Long Period Average (LPA) until 30 August 2015.
RUPEE
The rupee opened lower by 11 paise at 66.25 per dollar against Friday's close of 66.14 a dollar.
GLOBAL MARKETS
Global cues are mixed this morning. The Shanghai Composite is down more than 3% on fears of more volatility in Chinese markets. The Nikkei, Straits Times, Hang Seng and Taiwan are also down 0.1-1.5% each. However, the SET and Jakarta indices are trading higher by 0.5% each. The US stocks had ended on a mixed note on Friday as fears about a global economic slowdown due to China tested sentiment.
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(Updated at 8.21am)
Here are a few stocks you need to keep a tab on for today
Sun Pharma and Wockhardt have separately initiated voluntary recall of a number of drugs from the US market due to different reasons. Sun initiated voluntary recall of multiple lots of Bupropion Hydrochloride Extended-release Tablets USP (SR), 200 mg, 60-count bottle, for failed dissolution specification. Meanwhile, Wockhardt started recalling its Lisinopril Tablets USP, 5 mg and 20 mg from the same market for CGMP violations.
At 9.16am, the Sensex was at 26,248, weaker by 143 points or 0.5% and the Nifty was at 7,962, down 39 points.
Meanwhile, the government will release gross domestic product (GDP) data for Q1 June 2015 today, 31 August 2015.
In other news, the India Meteorological Department (IMD) said in a daily report issued on Sunday that for the country as a whole, cumulative rainfall during this year's monsoon season was 12% below the Long Period Average (LPA) until 30 August 2015.
RUPEE
The rupee opened lower by 11 paise at 66.25 per dollar against Friday's close of 66.14 a dollar.
GLOBAL MARKETS
Global cues are mixed this morning. The Shanghai Composite is down more than 3% on fears of more volatility in Chinese markets. The Nikkei, Straits Times, Hang Seng and Taiwan are also down 0.1-1.5% each. However, the SET and Jakarta indices are trading higher by 0.5% each. The US stocks had ended on a mixed note on Friday as fears about a global economic slowdown due to China tested sentiment.
------------------------------------------------------------------------------------------------------
(Updated at 8.21am)
Here are a few stocks you need to keep a tab on for today
Sun Pharma and Wockhardt have separately initiated voluntary recall of a number of drugs from the US market due to different reasons. Sun initiated voluntary recall of multiple lots of Bupropion Hydrochloride Extended-release Tablets USP (SR), 200 mg, 60-count bottle, for failed dissolution specification. Meanwhile, Wockhardt started recalling its Lisinopril Tablets USP, 5 mg and 20 mg from the same market for CGMP violations.
The Apollo Hospital Group has plans to expand its operations in Bangladesh and Kolkata in the next few years.
Oil and Natural Gas Corp (ONGC) and its partners will invest about $24 billion in producing natural gas from a giant field off Mozambique and converting it into liquid fuel (LNG) for export by ships to consumers like India.
Punj Lloyd will bid for road projects worth over Rs 1 lakh crore in this fiscal.
Bharti Airtel and Idea Cellular have hiked charges for their post-paid users by around 20% in various circles including the national capital.
The Reserve Bank stated that foreign investors can buy up to 40% of the paid-up capital in Godrej Consumer Products under the portfolio investment scheme (PIS).
UltraTech Cement’s production capacity is expected to touch 71 million tonnes (mt) by end of this fiscal from 65 mt with the acquisition of two cement units of JP Group and completion of its ongoing projects.
Aurobindo Pharma received approval from the US Food and Drug Administration (USFDA) to manufacture and market Raloxifene Hydrochloride tablets USP 60mg.
Tata Motors launched a new model of its successful small pick-up truck Ace and said it expects the LCV segment to pick up in six months from now.
Novartis India received FIPB approval to sell its OTC division to GlaxoSmithKline Consumer (GSK CPL) and will now proceed to complete the transaction.
