US-China Trade Talks; BHEL, Lupin Among Top Stocks To Watch Out For Today

On Friday, the Indian share markets settled flat amid a rise in automobile and metal stocks. The BSE Sensex ended at 35,871, down 27 points, while the Nifty50 index settled at 10,792, up 2 points.

Shares of Reliance Nippon Life Asset Management surged 20% in intra-day trade, rallying 44% in past two trading sessions on the BSE, after Reliance Capital decided to put its stake in the company up for grabs. The stock settled at Rs 199, up 6.3% on Friday.

Suzlon Energy jumped 31% to end at Rs 5.8 on the BSE. In intra-day deals, the stock had touched a high of Rs 6.2, rallying 68.5% in the past two trading sessions from a level of Rs 3.7 on Wednesday.

Top Stocks in Focus

Dr. Reddy's Lab share price will be in focus today as the US Food and Drug Administration (USFDA) has completed audit at its Formulations Shreveport Plant, Louisiana, USA with one observation.

Meanwhile, Lupin is recalling 43,860 bottles of Moxifloxacin Ophthalmic solution, used to treat bacterial conjunctivitis, in the US market.

Bharat Heavy Electricals (BHEL) achieved yet another milestone by successfully commissioning a 250 MW coal-based thermal power plant (TPP) in Bihar.

NBCC (India) has secured two new orders on PMC basis. The first order is for construction of Residential accommodation for Institute of Liver and Biliary Sciences (ILBS), New Delhi and second order is for construction of office cum training centre for Central Board of Direct Taxes, Saket, New Delhi. The total estimated costs of these projects are approximately Rs 1.7 billion.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

Global Stock Market Drivers

Stocks drifted in Europe along with US equity futures on Friday after a mixed session in Asia as investors awaited results from top-level trade talks between America and China.

The euro nudged higher before a speech on Friday by European Central Bank President Mario Draghi. The dollar was flat.

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