Asia-Pacific markets moved higher on Monday after China left key interest rates unchanged.
Hang Seng and Kospi rose 0.6 and 0.8 percent respectively. The ASX200 rose 0.15 percent. The Japanese Nikkei flat.
Global investors will be keeping an eye on the FOMC minutes, due out Tuesday, during a holiday week. The US market is closed on Thursday for Thanksgiving.
Back home, here are some stocks to watch in trading today:
Bharti Airtel: The Hyderabad Department of Telecommunications has imposed a fine of Rs 107,000 for alleged violation of subscriber verification norms.
Dixon Technologies: The company has committed a cumulative production value of Rs 48,000 crore in six years and has become eligible under the revised PLI scheme for IT products.
Optiemus Infracom: Optiemus Telecommunication, an outgoing subsidiary of the company, has been selected under the PLI scheme for IT products.
SBI card: The company said its capital adequacy ratio is expected to decline by 4 percent following the Reserve Bank of India’s latest move to tighten consumer lending norms.
Larsen & Toubro: Qatar’s General Tax Administration has fined the company Rs 111.3 crore for 2016-2017 and ₹Rs 127.6 crore for 2017-2018. The company has appealed, calling the fines arbitrary and unjustified.
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Bajaj Finance: The NBFC said it has temporarily stopped issuing member identification cards (EMI cards) to new customers following RBI’s ban on two of its digital lending products.
Cipla: The company has received a warning letter from the US FDA for the Good Manufacturing Practices (cGMP) inspection conducted between February 6 and 17, 2023 at its Pithampur (Indore) plant.
The letter summarizes violations related to methods that do not meet cGMP requirements and provides guidance for necessary corrections.
Dabur: Dabur plans to set up a new factory in southern India in less than a year as its operations expand in the region, company CEO Mohit Malhotra said.
Exide Industries: Exide Industries has settled its trademark dispute with Britain’s Vertiv Company Group and India’s Vertiv Energy. The two have agreed that the trademark Chloride and its variants will be registered in India by Exide.
Aurobindo Pharma: The US FDA has completed a pre-approval inspection of Unit-I and III of Aurobindo Pharma subsidiary APL Healthcare’s formulation facility in Telangana without any observations. The inspection concluded with “no action indicated”.
Kalyan Jewelers: Its arm Kalyan Jewelers FZE acquired the remaining 30 percent stake in Kalyan Jewelers LLC Oman on Thursday. Kalyan Jewelers LLC Oman is now a wholly owned subsidiary of Kalyan Jewelers FZE.
Ashok Leyland: The company has received bookings for 10,000 battery-powered light trucks and unveiled the two new e-LCVs in Chennai.
Rituals: The company has secured bids in two tenders from CFM Mozambique and has secured contracts for the supply of 10 diesel-electric locomotives and 300 high wagons.
Dalmia Bharat Sugar: The company said that Farmer’s Sangathan Agitation has led to operational disruptions at its Kolhapur and Ninaidevi units in Maharashtra.
Zen technologies: The company has received an export order worth nearly Rs 42 crore.
Newgen Software Technologies: The board meeting will meet on November 27 to discuss the issuance of bonus shares.