Overnight Digest: Stocks to keep on your radar for December 15

Due to higher levels of inflation and weak Asian markets, the domestic indices extended losses ahead of the US Fed policy announcement.

Power Grid Corporation, Nestle India, Axis Bank and Dr Reddy's Labs were the top gainers while ITC, Bajaj Finance, Kotak Mahindra Bank and Bharti Airtel were the top losers.

Keep a watch on these stocks for Wednesday's trading session:

Natco Pharma - The company has expressed plans to enter into an agreement to acquire Dash Pharmaceuticals LLC, a front-end pharmaceutical sales, marketing and distribution entity based in New Jersey, USA subject to the satisfactory completion of due diligence, execution of definitive agreements and compliance with statutory requirements. This acquisition provides NATCO with a front-end to engage with its customers directly in the USA which is the largest pharmaceutical market in the world. 

Infosys - The company announced that it has been selected by Finland-based Orion Corporation to holistically transform its ERP and planning platforms, enhance employee experience, and drive business value realization. Through this engagement, Infosys will adopt standardized best SAP practices to enable end-to-end visibility across Orion’s operations, informed decision making, and reduce business operations cost through AI, ML, and robotic process automation (RPA).

Aditya Birla Fashion & Retail - The company announced that the Board of Directors of the company have in-principally approved the acquisition of exclusive online and offline rights to the global brand ‘Reebok’ for the Indian market. This includes the purchase of certain assets of ‘Reebok India Company’ including inventory, current assets/liabilities by way of entering into a Licensing Agreement and a Purchase Agreement, respectively.