Stock Market Today: GIFT Nifty indicates a flat start; Dr Reddy's Laboratories, Dalmia Bharat in focus

Stock Market Today: Gift Nifty (formerly known as SGX Nifty) denotes a flat beginning. At 23,267, Nifty futures on the Gift Nifty traded 62 points lower. Despite significant swings to either side brought on by election-related volatility, domestic equities concluded the previous week close to all-time highs. Early this week, early trading on Indian government bond yields is expected to rise, following a spike in U.S. Treasury yields. This increase comes after strong economic indicators in the world's largest economy reduced expectations of interest rate decreases. India's benchmark 10-year yield is expected to move between 7.01% to 7.06% on Monday after closing at 7.0168% on Friday, according to a trader from a state-run bank.

Stock Market Today: ß in focus

Dr Reddy's Laboratories

Based in Hyderabad, Dr. Reddy's Laboratories is a multinational pharmaceutical corporation of Indian origin. Kallam Anji Reddy, who had previously worked at Indian Drugs and Pharmaceuticals Limited, a mentor institute, started the company. In India and abroad, Dr. Reddy produces and distributes a broad variety of medications. Form 483 with four observations was issued by the USFDA following an inspection of the company's API production plant located in Andhra Pradesh.

Dalmia Bharat

Dalmia Bharat's wholly-owned subsidiary Dalmia Cement would purchase 26% of Solarcraft Power India 23 Pvt Ltd's equity share capital and mandatory convertible debentures, respectively, according to the company's exchange filing. The acquisition consists of 8.44 million mandatory debentures valued at Rs 8.43 crore and equity shares totaling Rs 10.31 crore.

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