BSE Auto index jumps 100 per cent amid optimism of business growth BSE Auto index jumps 100 per cent amid optimism of business growth Nidhi Jani / Thursday, November 26, 2020 / Article rating: 4.0 Looking at the price trend, Motherson Sumi Systems has jumped approximately 195 per cent from its 52-week low of Rs 48.50 and Bajaj Auto jumped almost 73 per cent from its 52-week low of Rs 1,793.10. Similarly, Mahindra & Mahindra has jumped approximately 195 per cent from its 52-week low of Rs 245.80.
Laurus Labs acquires majority stake in Richcore Lifesciences; stock gains nearly 5 per cent Laurus Labs acquires majority stake in Richcore Lifesciences; stock gains nearly 5 per cent Chinmayee D / Thursday, November 26, 2020 / Article rating: 5.0 The agreement would help Laurus Labs in adding a fourth revenue stream to its existing revenue stream of active pharmaceutical ingredient (API), formulations, and synthesis.
Bulls to regroup after sharp fall; be on your guard on expiry day as volatility likely to rule the roost Bulls to regroup after sharp fall; be on your guard on expiry day as volatility likely to rule the roost Karan Dsij / Thursday, November 26, 2020 / Article rating: 4.7 Indian markets witnessed a fierce sell-off on Wednesday. As a result, Nifty formed a bearish engulfing pattern on the daily chart. Further, India VIX jumped nearly 10 per cent and closed above the 23 mark. A sharp fall with rising VIX is definitely not a pleasing sign for the bulls.
Nifty trend for Thursday Nifty trend for Thursday Karan Dsij / Thursday, November 26, 2020 / Article rating: 4.7 Immediate support for the index is placed at 12,820 and breach of this would open gates for a further correction towards 12,700 levels. On the upside, the level of 12,940-12,970 is likely to act as a stiff resistance.
Stocks that are likely to record significant movement on bourses today Stocks that are likely to record significant movement on bourses today Karan Dsij / Thursday, November 26, 2020 / Article rating: 5.0 Lakshmi Vilas Bank will be merged with DBS Bank. Regarding this, Reserve Bank of India (RBI) has issued a press release which states that the amalgamation will come into force on the appointed date i.e. November 27, 2020, and all the branches of Lakshmi Vilas Bank Ltd will function as branches of DBS Bank India Ltd with effect from this date.
Ind-Ra expects Indian two-wheeler exports to see sustained growth in H2FY22 Ind-Ra expects Indian two-wheeler exports to see sustained growth in H2FY22 Nidhi Jani / Wednesday, November 25, 2020 / Article rating: 5.0 It also mentioned that the exports would continue gaining their momentum in H2FY21 and FY22E, determined by lower penetration of the exporting countries, firm crude oil prices, unsafe public transport, and infrastructure amid the pandemic situation.
Alembic JV gets USFDA nod for generic version of AndroGel Alembic JV gets USFDA nod for generic version of AndroGel Anthony Fernandes / Wednesday, November 25, 2020 / Article rating: 3.7 Indian Pharma major, Alembic Pharmaceuticals informed the bourses on Wednesday that its joint venture, Aleor Dermaceuticals Limited received tentative approval from US Food & Drug Administration (USFDA) for its abbreviated new drug application (ANDA) for Testosterone gel, 1.62 per cent.
Upper circuit stock: Shiva cement continues upward surge Upper circuit stock: Shiva cement continues upward surge Ganesh V / Wednesday, November 25, 2020 / Article rating: 4.0 Shiva Cement Limited is set to invest Rs 1,500 crore in a 1.36 million tonnes clinker unit project to be established in Sundergarh district of Odisha in order to enhance its capacity. Funds for this investment will come through a combination of long-term debt and equity.
Pharma major Lupin launches Tacrolimus capsules USP Pharma major Lupin launches Tacrolimus capsules USP Ganesh V / Wednesday, November 25, 2020 / Article rating: 4.0 Lupin Limited announced on Wednesday that it has launched Tacrolimus capsules USP, 0.5 mg, 1 mg, and 5 mg, after Lupin’s alliance partner Concord Biotech received approval for its ANDA from United States Food & Drug Administration (USFDA).
Sensex, Nifty tumble; ONGC gains by more than 6 per cent, Shilpa Medicare jumps 7 per cent, Graphite India dips Sensex, Nifty tumble; ONGC gains by more than 6 per cent, Shilpa Medicare jumps 7 per cent, Graphite India dips Geyatee Deshpande / Wednesday, November 25, 2020 / Article rating: 5.0 On Wednesday, the domestic benchmark indices snapped their gaining streak as Sensex fell by 694.92 points or 1.56 per cent to close at 43,828.10 levels while Nifty declined by 196.75 points or 1.51 per cent to settle at 12,858.40 levels.