The market opened in the green on May 8, 2020, overall volumes in futures & options currently stand at 4.79 crore contracts with a turnover of Rs. 22,79,856.76 crore.

Pharma major, Zydus Cadila informed the bourses after trading hours on Thursday that the company has received a final approval from USFDA to market Deferasirox tablets for oral suspension in the strengths of 125 mg, 250 mg and 500 mg. The drug will be manufactured at the group’s manufacturing facility at SEZ, Ahmedabad.

The rating agency also focussed on the strong liquidity position of the company. Its statement said that the liquidity stood around Rs 4,500 crore (cash as well as CC & WCDL) and Rs 13,000 crore from sanctioned term loans, debentures etc.

The immediate level resistance placed at 9,227 will act as a point of control. Only above this level, Nifty may test the levels of 9,290 and 9,365. In any case, if Nifty sustains below 9,189, it can test 9,142 and 9,014 levels. Stocks in news: Neuland Laboratories, Vakrangee, BOSCH, Tata Motors, Cadila Healthcare.

Welcome to the last trading session of the week! Today, SGX Nifty is flashing green as Asian peers are trading with healthy gains and overnight, Wall Street ended on a positive note. Currently, SGX Nifty is trading up by 98 points at 9,294 level.

The stock of Godrej Industries Limited has formed a bullish engulfing candlestick pattern on the daily time frame.

On Thursday, the stock has given a neckline breakdown of the double top pattern. This breakdown was confirmed by the above 50-day average volumes. 

Today’s session for domestic indices was again very volatile but the indices this time closed in red as Sensex dropped by 242.37 points or 0.76 per cent to the level of 31,443.38 while, Nifty fell by 71.85 points or 0.78 per cent to reach 9,199.05 level.

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The shares of Salasar Techno Engineering Limited were trading in green on Thursday after the company announced that it has secured an order for the construction of 220 and 66 kV transmission lines in Yamuna Nagar and Ambala area on a turnkey basis received from Haryana Vidyut Prasaran Nigam Limited (HVPNL).