Glenmark, Merck to Techno Electric are Among the Newsmakers in Stock Market

Indian stock indices such as SENSEX and NIFTY remained flat on August 7, 2018, but there were certain stocks that made news after the market was closed for the day. Here is the list of stocks that came in the news and can have an impact on the market on August 8, 2018:

Glenmark Pharmaceuticals: The Pharmaceutical company has received final approval from the US health regulator, USFDA, for Colesevelam Hydrochloride for oral suspension, used to lower cholesterol levels in the blood. The approved product is a generic version of Daiichi Sankyo Inc’s Welchol.

Patel Engineering Ltd: The civil construction company has bagged two hydro projects worth Rs 1793.5 crore and a tunnel project worth Rs 618.21 crore.

GAIL: High Court of Gujarat has dismissed Gujarat Sales Tax Department petitions against GAIL in which it raised a demand of about Rs 4962 crore in respect of Hazira unit in Gujarat.

Merck Ltd: The Competition Commission of India (CCI) has approved Procter & Gamble Co’s acquisition of 51.8 per cent stake in pharma major Merck.