The market opened in the red on June 12, 2020. The previous trading session witnessed the Sensex going down by 2.1 percent to end at 33,538 and the Nifty was down 2.1 percent to close at 9,902.

United States Food and Drug Administration (USFDA) granted approval to Semglee, an insulin glargine injection co-developed by Biocon Limited and Mylan N.V, which will be in vial and pre-filled pen presentations form used to keep in check high blood sugar in adults with type 2 diabetes, and adult and pediatric patients with type 1 diabetes.

The market opened in the red on June 12, 2020, overall volumes in futures & options currently stand at 6.05 crore contracts with a turnover of Rs. 31,64,014.52 crore.

The market opened in the red on June 12, 2020, overall volumes in futures & options currently stand at 6.05 crore contracts with a turnover of Rs. 31,64,014.52 crore.

The promoters have released 15.5 lakh equity shares, which are in addition to the earlier release of 75 lakh equity shares pledged with Kotak Mahindra Investments that took place on April 23, 2020, by paying Rs 54 crore. This payment has been made towards the loan amounting to Rs 64 crore.

Thursday brought with it an announcement from pharma company, Lupin Limited stating that it had been granted approval by United States Food and Drug Administration (USFDA) for Albendazole Tablets USP, 200 mg.

IT company, Wipro Limited declared its tie-up with CloudKnox Security, a cybersecurity start-up, to enable enterprises to proactively safeguard and manage their hybrid and multi-cloud infrastructure by detecting and remediating over-permissioned identities.

There is a high correlation between downward protection and long-term outperformance. This is because protecting from losses in the falling markets leaves more capital to grow than when the market rises again.

The early trends on SGX Nifty is indicating a black Friday for the markets.

Nifty has witnessed a distribution day as it ended with sharp losses on the back of higher volume as compared to its prior session. Traders are advised not to venture into aggressive long position as long as the index stays below this level. Stocks in news: Biocon, SBI Life Insurance, Wipro, Lupin.