The market started on a strong note on Tuesday after a one-day break. Auto stocks will be in focus as auto companies will begin announcing monthly sales numbers for November starting from today, 1 December 2020.

Dr. Reddy's Laboratories has announced that it has entered into a definitive agreement with Glenmark Pharmaceuticals to acquire select anti-allergy brands in Russia, Ukraine, Kazakhstan and Uzbekistan. Shares of Dr. Reddy will be reacted with this development.

ICICI Lombard General Insurance Company said that the Insurance Regulatory and Development Authority of India has granted in-principle approval to the draft scheme of arrangement between the company and Bharti AXA General Insurance Company.

Indiabulls Housing Finance has announced that it has raised about Rs 93 crore by further reducing its stake in OakNorth Holdings. The sale proceeds will be accretive to the regulatory net worth and the CRAR of the housing finance company.

Hindustan Construction Company (HCC), in a JV with Vensar Constructions Company, has been awarded Rs 236 crore orders in two separate contracts from the Northeast Frontier Railway.

Based on the above developments, their stocks are expected to rise in today’s trading session.

Stocks at a Monthly high, records Best Monthly Gains Since April

Sensex, Nifty start on strong note Tuesday

Stocks at a Monthly high, records Best Monthly Gains Since April