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Stocks to watch: Shares of firms like Tata Steel, Maruti, Adani Group, Hindustan Zinc, Glenmark, and others will be in focus on Tuesday's trade.
Here are the top stocks that could be in focus in trade: Glenmark Lifescience/Glenmark Pharma: Nirma...
Shares of Glenmark Pharmaceuticals Ltd. fell the most in four months after it agreed to sell 75% stake in its life sciences subsidiary to Nirma Ltd. for Rs 5,651.5 crore The pharma company will sell shares of Glenmark Life Sciences Ltd. at Rs 615 apiece, according to an exchange filing. Glenmark Pharma will own 7.84% after the transaction. The deal, subject to customary approvals, is expected to close in FY24.
Nifty futures on the Singapore Exchange traded 46 points, or 0.26 per cent, lower at 17,868, hinting at a negative start for the domestic market on Thursday.