Interest rate sensitive banking, auto and realty stocks will be watched ahead of the Reserve Bank of India's (RBI) monetary policy meeting today, 4 October 2016. Purchases of automobiles, including that of cars, utility vehicles and commercial vehicles are substantially driven by financing. Purchases of both residential and commercial property are largely driven by finance. The latest monetary policy meeting will be the first meet where the interest rate decision is taken by a panel. Urjit Patel, the RBI governor, will be one among the six-member Monetary Policy Committee (MPC) recently notified by the government. The central bank had left its benchmark repo rate unchanged at 6.5% in its last meeting.
Hero MotoCorp's total sales rose 11% to 6.74 lakh units in September 2016 over September 2015. The company registered highest ever sales in any month so far in September 2016. The announcement was made after market hours yesterday, 3 October 2016. The growth momentum was backed by a series of positive factors such as the successful market launch of the Splendor iSmart 110; augmented leadership in the 125 cc segment with the 'Glamour', emerging as the largest- selling 125 cc motorcycle in the country and the positive trend maintained by the new scooter portfolio.
Jubilant FoodWorks after market hours yesterday, 3 October 2016, announced a unique pizza combo for the Navratras. The latest innovative offering by the company includes a 100% Vegetarian Pizza, Sago Pudding and Sabudana Crispies. During Navratras, Domino's Pizza will convert 459 of its 1,062 restaurants to All-vegetarian restaurants from 1 October 2016 till 10 October 2016. All the identified restaurants will serve the new Navratri Combo along with the other vegetarian items on the menu for the period. The menu will be available for dine-in as well as delivery (offline and online delivery).
Wockhardt announced that US Food and Drug Administration (USFDA) on 30 September 2016 excluded the product Ceftriazone Sodium from import alert 66-40 announced by USFDA on the company's active pharmaceutical ingredients (API) unit at Ankleshwar, Gujarat on 8 August 2016. This will enable the company to manufacture and sell Ceftriazone API and formulation to US market. The announcement was made after market hours yesterday, 3 October 2016.
Ahluwalia Contracts (India) announced that Pushpa Rani, one of the promoter of company gifted 2.45 lakh equity shares of company to her relative and brother, Bikramjit Ahluwalia, promoter of the company. The announcement was made after market hours yesterday, 3 October 2016.
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