The market opened in the red on May 12, 2020, overall volumes in futures & options currently stand at 1,61 crore contracts with a turnover of Rs. 8,29,845.86 crore.

Glenmark Pharmaceuticals Limited has initiated phase 3 clinical trials in India on antiviral tablet-Favipiravir, for which it had received an approval from India’s drug regulator-DCGI in late April. Glenmark is the first company in India to initiate phase 3 clinical trials on Favipiravir for COVID-19 patients in India.

Indian automobile manufacturer, Ashok Leyland, announced that it is planning to raise Rs 300 crore through the issuance of redeemable, non-convertible debentures (NCDs) on a private placement basis.

The zone of 9,188-9,240 is a crucial support level as 38.2 per cent retracement level and 20-DMA is placed in this region. A move below this level could take Nifty towards 8,972 levels in the short-term. Stocks in news: IND-Swift Laboratories, Ashok Leyland, InterGlobe Aviation.

Markets worldwide have been gripped by fear of the viral infection resurging as report suggested that new Coronavirus cases have been found in countries such as China and South Korea. This pessimism is likely to attack Dalal Street and hence, SGX Nifty is indicating a negative start as it is down by 68 points at 9,147 level.

Tata Tea, a part of Tata Consumer Products Limited, the multinational non-alcoholic beverages company, has partnered with Help Age India to support senior citizens in the ongoing pandemic situation.

Adani Enterprises Limited has been picked up by our Bollinger Band Squeeze scanner, which suggests that the stock is near a consolidation breakout.

Elgi Equipments informed the exchanges that its wholly-owned subsidiary, Elgi Compressors USA Inc, has formed a joint venture company with Bryan Becker, Managing Partner of the LLC.

BSE StAR MF contributed Rs 56,038 crore as net equity inflow during FY19-20, which is 66 per cent of the entire MF Industry Net Equity Inflow which was 83781 crore for FY19-20. BSE StAR MF contributed 61 per cent in net equity inflow i.e Rs 3806 crore out of the entire MF industry’s total of Rs 6212 crore in April 2020.

The stock of Hexaware Technologies Limited has formed a bullish engulfing candlestick pattern on the daily time frame. The bullish engulfing candlestick pattern is considered to be a bullish reversal pattern and usually occurs at the bottom of a downtrend.