On Monday, the Indian market largely closed higher as the HDFC twins and the IT stocks helped market hold on to the opening gains.

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The market mildly erased its gains as heavy stocks - Reliance and Axis Bank dragged the indices. The BSE Sensex closed with a gain of 191 points at 35,160, while the NSE Nifty advanced 47 points to close at 10,739.

Here are the top stocks to watch out for today

Cipla: The firmgot approval of US FDA for the Phenylephrine Hydrochloride solution (10 mg/ml) and for Exemestane tablet (25 mg).

Cadila Health: The pharma company got theUS FDA nod for Bumetanide tablets (0.5-2 Mg).

Strides Shasun: The company got approval for Cincalcet Hydrochloride tablets (30-90 mg).

IndiGo, HCL Tech, Tata Power, among others will declare their quarterly results today.

Schneider India and L&T: L&T agreed to sell its electrical and automation business to Schneider Electric for $2.11 billion in cash.

Hiranandani Group: Hiranandani Group's energy arm is targeting to invest Rs 2,200 crore to build a 635-km natural gas pipeline by 2020, a company official said.

PNB: The bank said on Tuesday that it will recover from the impact of the recent fraud in six months' time and is actively working to improve its internal systems.

Vedanta: NCLAT agreed to hear Renaissance Steel’s application after it argued that their bid for Electrosteel Steels was to the tune of Rs 6,000 which is Rs 700 crore more than Vedanta’s bid of Rs 5,300 crore.

GAIL and SBI: GAIL India said it has borrowed Rs 2,000 crore loan from State Bank of India (SBI) to meet its general capital expenditure requirement.

Mahindra & Mahindra: The auto firm reported 22% increase in total sales at 48,097 units in April, as against 39,417 units for the same month last year.

First Published:May 2, 2018 7:36 AM IST