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Indian equities were trading lower. Nifty fell over 1.04% at 22,558.25 and Sensex was trading 808.62 points lower at 74,497.
Pfizer Ltd. rose nearly 9% on Monday after the company signed sales and marketing pact with Mylan Pharmaceuticals Pvt.
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InterGlobe Aviation Ltd.'s shares rose after Citi maintained its 'buy' rating and increased the target price on the stock by Rs 100.
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Railtel Corp of India's share price rose on Monday as the company received an order worth Rs 288.15 crore from the East Central Railway.
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Infosys Ltd. is the top Nifty 50 laggard, falling 3.08%.
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Shares of NTPC Green Energy Ltd. tumbled 8% — the worst fall since listing — on Monday, as anchor investors offloaded their stake with the final lock-in period ending.
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Share price of Godfrey Phillips saw a significant decline of over 6% after reports of a potential hike on GST on cigarettes.
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