On Monday, Indian share markets ended the day on a strong note, marking a continuity in its upward trend for March series, but the Nifty ended below 10,600. The Sensex ended up by 304 points, while the Nifty ended up by 92 points.
Tata Motors, Larsen & Toubro, Axis Bank and UPL gained the most on both indices, while Sun Pharma, Infosys, and Tech Mahindra lost the most.
Top Stocks in Focus
Lupin share price will be in focus as it has launched Testosterone Topical Solution, 30 mg per actuation having received an approval from the United States Food and Drug Administration (USFDA) earlier.
Hindustan Zinc share price will be in focus too as it is planning to set-up two new mills in Rajasthan with a joint capacity of 3 million tonnes (MT) of ore-treatment with an investment of Rs 6 billion.
JSW Steel is all set to acquire Italy-based Aferpi Steel firm for Rs 6 billion. The deal is to be finalized probably by the end of March or beginning of April.
Tata Motors, along with its distributor, Sipradi Trading has marked its entry into the growing Compact SUV segment in Nepal with the commercial launch of the new Gen-next lifestyle SUV, the Tata NEXON on 22 February 2018.
Dr. Reddy’s Laboratories has received the Establishment Inspection Report (EIR) from the US Food and Drug Administration (USFDA) for its formulations facility at Srikakulam in the state of Andhra Pradesh.
Sun Pharma share price will be in focus as investors turned wary of observations issued to its Halol plant by the US drug regulator.
Idea Cellular Ltd and Vodafone Group Plc’s Indian unit, which are set to merge to create India’s largest telecom operator, will invest Rs 600 billion in infrastructure to meet surging demand for data.
Global Stock Market Drivers
Asian stock markets closed higher on Monday, tracking gains seen on Wall Street as US bond yields receded from recent four-year highs. Meanwhile, the dollar slipped against a basket of currencies.
European shares followed their Asian counterparts higher as benchmark Treasury yields held steady below 3% and the dollar weakened.
