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The 50-share Nifty index is expected to open lower on Monday tracking weak Asian markets, while investors will keep a close eye on Infosys after the board appointed N R Narayana Murthy as its executive chairman. Stocks in news are IOC, BPCL, HPCL, Ashok Leyland, Tata Motors, Maruti Suzuki Sun Pharma, Tulip Telecom, Coal India and Gold Finance Companies.
Today’s Key Headlines
- RCOM to shift 5,500 call centre staff to third-party business process outsourcing companies.
- HSBC to send records to Swiss account-holders, process to take 3-6 months.
- Electrolux scouts for partner to enter India’s television and audio products market.
- Pantaloons to invest Rs 175 crore on store expansion in 12 months.
RR Financial Consultants‘s insight:
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