Here are 4 stocks that are reacting to news today.
1. IndiaBulls Housing
Shares in IndiaBulls Housing have jumped 11 per cent in trade today. The Ministry of Corporate Affairs said it has found no irregularities in the loans given to five companies by Indiabulls Housing Finance, as alleged in a public interest litigation (PIL).
2. Aurbindo Pharma
Shares in Aurobindo Pharma jumped after reports that company's U.S. arm entered into an agreement to acquire certain business assets from Profectus BioSciences for $11.29 million. The target company is a clinical vaccine development company. The transaction expected to be completed by first half of 2020.
3. Future Retail
Shares in Future Retail jumped 11 per cent, the Competition Commission of India on Thursday approved Amazon.com NV Investment Holdings's proposal to acquire about 49 percent stake in Future Coupons Ltd., a promoter group entity of Future Retail Ltd.
4. Bharti Infratel
Shares of the company were up 7 per cent, from a fall of more than 6 per cent on Friday.
Indian markets are expected to be volatile today, ahead of GDP numbers to be declared later today. Most analysts are expecting the GDP to sink to a near 6 year low. Stock markets have already fallen a tad bit in trade today on reports of likely weakish numbers.