The market opened in the green on July 20, 2020, overall volumes in futures & options currently stand at 1,72,21,668 crore contracts with a turnover of Rs. 10,75,163.07 crore.

Byke Hospitality has also faced the brunt of the pandemic on its business operations. As it was not part of government denominated essential services, most of the hotels of the company were shut down entirely during the lockdown.

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

In a letter to the company, Drug controller Dr VG Somani said that a Member of Parliament (MP) has informed that the cost of treatment from FabiFlu (Favipiravir) will come to around Rs 12,500, which is not good for the poor as well as the middle-class families.

The company has received approval to market Butalbital, Acetaminophen and Caffeine medicines in the strengths of 50 mg/325 mg/40 mg. This combination of medicines is used in the treatment of patients suffering from symptoms of tension headaches.

Since the last 31 trading sessions, the stock is trading in contracting consolidation, which resulted in the formation of a symmetrical triangle pattern. As of now, the momentum in prices has been narrowed substantially and its prices have reached near an apex point of the triangle, which suggests that the stock is likely to give a breakout in the coming days.

Due to a narrow range, Bollinger Bands have contracted, which indicates an early signal of a bigger move. Also, on the lower timeframe, i.e. 60 minutes, the stock is on the verge of giving a breakout of downward sloping trendline.

Sensex and Nifty reclaimed their important psychological level of 37,000 and 10,900 with a strong close on Friday. Post a solid close, market participants would expect the move to continue. However, the early trends in SGX Nifty suggests that bulls are likely to face Monday morning blues. Further, cues from Asian peers too are negative.

The sign of exhaustion would be confirmed only if the index manages to close below 10,562 levels. On the upside, the level of 11,000-11,280 is likely to act as a resistance zone. Stocks in news: M&M Financial Services, Glenmark Pharmaceuticals, Cadila Healthcare, Vodafone Idea, NLC India, Selan Exploration.

The net profit margin in Q1FY21 came in at 1.43 per cent , which declined by 7.90 per cent  YoY. The net profit margin in Q1FY20 was at 9.33 per cent.