Reliance Industries’ Jio Platforms has attracted huge amount of investments from some of the leading names of the business world globally. As a result, the stock of RIL has more than doubled the money of investors since the beginning of FY21.

Cipla Limited and Roche Products (India) Pvt Ltd have joined hands to provide better access and innovative medicines for patients in India. Through this partnership, Cipla will undertake the activities of marketing and distribution of Roche’s key trademark oncology drugs like Trastuzumab (Herclon), Bevacizumab (Avastin) and Rituximab (Ristova).

Large-cap gold finance company, Muthoot Finance, remains to be an outperformer in the non-banking financial (NBFC) space, which has been plagued by the rising pressure on asset quality and liquidity issues.

On Thursday, bulls stormed the D-street as Indian markets registered one of best single day gains after June 1. This single day rally was led by Banking and Financial stocks. The early trends on SGX Nifty is indicating the start of Friday to be on a flat note. At 7:55 AM, SGX Nifty was trading almost unchanged at 10,034.50 levels.

A follow through move is important for the index and once the 100-DMA is crossed, the bulls’ mood will cheer up and Nifty can be on its way to reclaim 10,300-10,350 levels. On the downside, the level of 9,980-9,990 is likely to act as an immediate support. Stocks in news: Tata Motors, HCL Technologies, Cipla, Reliance Industries.

The stock of Dr Reddy’s Laboratories Limited has been picked up by our Bollinger Band Squeeze scanner, which suggests that the stock is near a consolidation breakout.

The stock of Coal India Limited has formed a bullish engulfing candlestick pattern on the daily timeframe. The bullish engulfing candlestick pattern is considered to be a bullish reversal pattern and usually occurs at the bottom of a downtrend.

Succeeding the previous sharp decline in WTI Crude prices in recent times, the price level is presently being maintained above USD 30 per barrel. This is positive news to drillers who have decided to restart production regardless of the decline in demand.

RBI has suggested stringent norms for housing companies by mandating 75 per cent of their home loans to individual borrowers and 50 per cent of assets as their housing loans by March 2024. 

Information technology giant, Tata Consultancy Services announced on Thursday that it is partnering with IBM and expanding their global alliance in a bid to help clients accelerate their digital and cognitive enterprise transformations to IBM public cloud.