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

NACL Industries announced that the company has incorporated a new wholly-owned subsidiary named as NACL Spec-Chem Limited.

There is turmoil in the debt funds after Franklin Templeton India closed six of its debt mutual funds, however, most funds from debt category are generating positive returns in last month.

Extending their gains for the third consecutive day in this week, Indian benchmark indices rose higher with Sensex, gaining by 1.89 per cent or 605.64 points to the level of 32,720.16 while, Nifty closed up by 1.84 per cent which is 172.45 points to reach the level of 9,553.35. Technically, Nifty was seen giving a major resistance breakout of 9,500 level as it made an intraday high at the level of 9,598.85 which eventually indicates the strengthening of the index.

India's leading content powerhouse, Shemaroo Entertainment, announced that it is launching a new Hindi general entertainment channel (GEC)-Shemaroo TV, a free to air channel, targeting Hindi speaking markets of India.

The stock of Indian banking company, IDFC First Bank, rose 1.12 per cent to Rs 22.50 in the early hours of Wednesday’s trading session after the bank informed that its board of directors will meet on May 1 to consider and approve fundraising by way of issue of equity shares of the bank on a preferential basis.

Lupin Limited has received a tentative approval for its Arformoterol Tartrate inhalation solution 15 mcg (base)/2 ml, unit-dose vials, from United States Food & Drug Administration (USFDA) to market generic version of Brovana inhalation solution, 15 mcg/2 ml of Sunovion Pharmaceuticals Inc.

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The market opened in the green on April 29, 2020. The previous trading session witnessed the Sensex going up by 1.2 percent to end at 32,114 and the Nifty was up 1.1 percent to close at 9,380.

Gujarat-based pharma company, Hester Biosciences Limited announced on Wednesday that it is joining hands with Indian Institute of Technology, Guwahati to work on the vaccine development against COVID-19. The agreement between the two parties was signed on April 15, 2020.