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Market Morning: Stocks of Som Distilleries, Sun Pharma in action

Market Morning: Stocks of Som Distilleries, Sun Pharma in action
Nifty is currently trading at 23,504.6 points, down by 0.05%, while Sensex dipped 0.13% to 77,238.74 points in early morning trade, at 10:25 am. India VIX, which is generally seen as a barometer of volatility in the market, jumped 0.69% to 13.81. Bank Nifty dipped 0.01% to 51,391.85 points, while Nifty financial services dipped 0.31% to trade at 22,872.25 points. Amidst sectoral indices, FMCG, Media, Realty and Metal saw slight jumps to trade in green.

Here are some stocks that are expected to stay in news during the day :

Som Distilleries and breweries
: The government of Madhya Pradesh has suspended the company's license over potential concerns of child labour. The company's stock was trading at Rs 116.22, up by 0.28% during early morning trading.

Sapphire Foods: The company's board has approved a sub-division, or share split of existing shares in the ratio of 1:5. This means one equity share, which has a face value of Rs 10 fully paid up, will now be split into 5 equity shares with a face value of Rs 2, fully paid up. Sapphire foods has KFC and Pizza hut under its belt. The stock was trading at Rs 1,595.25, up by 2.31%

Sun Pharmaceuticals: India's largest pharmaceutical company has received a warning letter for its Dadra facility from the US Food and Drug Administration. The letter was intended to highlight the company's violations with respect to current good manufacturing practices.

Indus Towers: After Airtel yesterday acquired 1% stake in telecom tower operator Indus Tower, almost immediately after Vodafone Idea offloading 18% of its stake, Indus Tower's share was trading at Rs 339, up by 1.5% during early morning trade.

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