The Indian stock market is showing indications of a weak opening on Thursday. At around 7:30 am, Gift Nifty was trading around 22,590, down 69.50 points or 0.31%.
Global market uncertainty and a rise in crude oil prices have also remained factors ahead of the domestic market opening.
Market experts consider 22,600 an important level for the Nifty. If the index sustains below this level, selling pressure could increase. On the other hand, sustained strength above 22,600 could indicate signs of recovery in the market. Investors will also track companies involved in corporate activities, new orders, product launches and management decisions.
The company's biopharmaceutical subsidiary Aurobindo Pharma USA's unit Acrotech Biopharma has announced the launch of ADQUY (difamilast 1%) ointment in the US. The non-steroidal topical medicine is used to treat mild to moderate atopic dermatitis in adults and children aged two years and above.
The company received two new orders in September with a combined value of around Rs 500.22 crore. Of this, Rs 224.74 crore relates to the Building Division and Rs 275.48 crore to the Transportation Division.
The company has entered into a contract with the Uttar Pradesh Expressways Industrial Development Authority for a work order worth Rs 220.66 crore. The work relates to user fee collection and toll plaza operations on the Gorakhpur Link Expressway.
The company's board meeting is scheduled for October 15. The board will consider a proposal for an interim dividend and the issue of bonus shares for financial year 2026-27. It will also discuss the audited financial results for the quarter and half-year ended September 2026.
The company has announced a price increase effective January 1, 2027. Prices for domestic services will increase by 9% to 12%, depending on shipment and customer profile.
The company's wholly owned subsidiary Novia Pharmaceuticals has entered into an agreement with a global pharmaceutical company. Under the agreement, exclusive rights have been granted for the commercialisation and distribution in the US of two dual-chamber vial injection products.
The company has launched 'Keys Prima by Lemon Tree Hotels' in Darjeeling. It is the group's first hotel in the city and will expand the company's presence in West Bengal.
The company has appointed Sanjay Rao as Managing Director and Chief Executive Officer. He will succeed Gunjan Shah, whose five-year tenure is coming to an end.
Indian Railway Finance Corporation has received a show-cause notice worth Rs 396.9 crore from the State Tax Joint Commissioner in Hajipur, Bihar, in a matter related to financial year 2023.
The company has extended the deadline for the acquisition of certain customer contracts of Alpha Net Consulting LLC from September 30 to December 31, 2026.
Infosys and ABN AMRO have expanded their strategic partnership to accelerate the bank's AI-based digital transformation. Under the partnership, Infosys will provide services including application development, testing and support. The objective is to modernise IT systems while improving operational capabilities and scalability.
Manipal Payment & Identity Solutions and Pranav Construction are among the companies scheduled to announce their quarterly financial results today.
