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market | IST

Top stocks to watch out for on September 5: Dr Reddy's Labs, Tech Mahindra, Jet Airways, Bharti Airtel shares in focus today

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These are the stocks making the biggest moves premarket

Indian market likely will start lower on tracking weak global cues and weakness in the Indian rupee. The NSE Nifty 50 fell 0.54 percent to 11,520.30, while the BSE Sensex ended 0.4 percent lower at 38,157.92. The Indian rupee ended at record low of 71.58 against the dollar on Tuesday against Monday's close of 71.21. The home currency fell against the greenback for the fifth consecutive session.
These are the stocks making the biggest moves premarket:
Dr Reddy's Labs: The pharma company gets tentative USFDA nod for Esomeprazole and Naproxen tablets. Esomeprazole is used to reduce stomach acid and Naproxen is used to relieve pain, fever, swelling & stiffness.
Jet Airways: The airline has delayed the salaries of 20% of its staff — mostly the higher paid brackets including its pilots, Financial Express reported. The airline, which is on a cost-cutting and turnaround mode to streamline costs, said that it has paid salaries to over 80% of its employees.
Tech Mahindra, IT stocks: The IT firm has opened its second unit in Mexico in the state of Aguascalientes with an investment of $5 million which would be employing 300 people over the next one year. Also, persisting weakness in the Indian rupee will boost trade sentiment in IT stocks on hope of better export earnings.
Bharti Airtel: The telco on Tuesday unveiled its redesigned combo packs for prepaid subscribers, which now offers data and talk time in a single pack with an aim to ring-fence prepaid users in a highly competitive industry.
Religare, Fortis: Shivinder Singh, former Fortis Healthcare promoter, has moved the NCLT, accusing his elder brother, Malvinder Singh, of “oppression” and mismanagement of RHC Holding, Religare and Fortis.
Indiabulls Ventures: The company's board members approved to provide another opportunity to 1,515 shareholders holding 3,98,516 Rights equity shares for payment of First Call Money, by providing a separate window of 15 days i.e. September 10-24, Moneycontrol reported.
IDBI Bank: The government hinted on Tuesday that Life Insurance Corporation might seek an exemption from the Sebi from making an open offer to the minority shareholders of state-owned IDBI Bank, in which the insurer is set to buy a 51 per cent stake, Business Standard reported.
IL&FS Engineering: CARE Ratings has revised the credit rating of the company for long / short term bank facilities aggregating to Rs 3,091.33 crore.
Texmo Pipes: Company has received an order of HDPE Pipe worth Rs 81.30 crore from Larsen & Toubro.
Vandana Knitwear: Sebi has slapped a total fine of Rs 74.5 lakh on 48 entities for fraudulent trading in the shares of Vandana Knitwear Ltd. The entities have been fined for violating PFUTP (Prohibition of Fraudulent and Unfair Trade Practices) regulations.
CES Ltd: Company to issue bonus share in the ratio of 1:27, i.e., 27 equity shares for every 1 equity share held, to members as on the record date fixed as September 21.