TOP CORPORATE NEWS

·        Ranbaxy, Sun Pharma up 6-8% on US FDA nod

Shares of Ranbaxy and Sun Pharma are gaining investors attention on US FDA approval and price hike of drugs. Ranbaxy and Sun Pharma jumped 8 percent and 6 percent respectively, both hitting 52-week high.

·        Blast at a GAIL gas pipeline in Andhra Pradesh

Fourteen people have been reportedly killed and several have been injured in an explosion that occurred at an 18-inch pipeline of GAIL near an ONGC refinery complex in Nagaram in the East Godavari district in Andhra Pradesh.

                                                                                                        

·        Havells India gains 8% ahead of board meet for stock split

Havells India has surged 8% ahead of board meeting on Monday to consider sub-division of equity shares of face value of Rs 10 a share to a lower denomination.

·        Tech Mahindra stock up 3%

Shares of Tech Mahindra were up 3% after the company signed strategic alliance with Finland-based Comptel.