The rupee opened at three-week low of 71.34 against the US dollar. On Friday, the home currency had closed at 70.80 against the greenback.

Shares of Cipla are likely to gain today after the company said it has received US Food and Drug Administration's approval for montelukast sodium tablet, a generic of MSD Merck Co's Singulair tablet. The drug is used to ease signs of allergy and prevent exercise-induced breathing problems. On Friday, shares of the company ended down 0.3% at Rs 513.60.

HSBC on Ports:
Major port’s overall throughput growth slowed to 1.6% in November.
Coal & Container growth too slowed.
Global trade outlook has moderated amid trade tensions and weaker economic outlook. 
Reiterates BUY on Gujarat Pipavav and Adani Ports.
Target for Adani Ports at Rs 446 per share and Rs 140 per share for Gujarat Pipavav.

DB on Voltas:
Retains HOLD rating.
Recovery in projects business will be offset by weak margins in cooling segment. 
Forecast 5% EBIT CAGR over FY18-21.
Forecast 13/11% EPS growth in FY19/20 on the back of declining UCP margin.

Nomura on Jubilant Life:
Maintains BUY call, target at Rs 934 per share.
Roorkee facility inspection classified OAI.
Outcome implies the FDA is likely to issue a warning letter in due course.
Warning letter at Roorkee to have limited impact.

Kotak Institutional Equities on HCL Technologies:
Retains ADD rating, target at Rs 1,100 per share.
Not convinced with the aggressive products bet. 
Inexpensive valuations and improving growth in core it underpin positive view.
Strategic shift has high risk element even as broad reward structure is known.

Nomura:
Exit polls give BJP cold sweat.
Exit polls seem to be treading the same path as opinion polls 
Going by the polls, the BJP will lose its control over Rajasthan.
BJP will find retaining Madhya Pradesh, Chhattisgarh a tall order.
Return of TRS in Telangana has been largely expected.

Barclays:
Exit poll results might be seen as marginally weaker than the opinion poll results for BJP.
Exit polls predict closer finish in Madhya Pradesh, Chhattisgarh.
Risk of populist policies if results come as exit polls suggest.