Speaking only of US, the revenue contribution stands at approximately 14 per cent and the company delivers seven to eight products to the US markets. This new API launch would be a different opportunity for the company as US is a significant market for Fexofenadine.

The announcement from US Fed to purchase individual corporate debt is likely to boost the sentiment on the Dalal Street. Early trends on SGX Nifty suggests that bulls are likely to hit a double century at the opening bell. At 7:51 am, SGX Nifty was trading up by 1.97 per cent at 9,889.50 levels.

The level of 9,700 and 9,640 is likely to be a strong support zone for the index and on the upside, Friday’ session high of 9,996 is likely to act as a strong barrier on the upside. Stocks in news: SBI Cards and Payment Services Limited, Ind-Swift Laboratories, Wipro.

New Fund Offers (NFOs) that are open for subscription.

JM Financial has issued and allotted Rs 11 crore equity shares with a face value of Re 1 each. The issue price for qualified institutional buyers was Rs 70 each, amounting to Rs 770 crore.

On Monday, Tata Power declared that its renewable energy arm, Tata Power Renewable Energy Limited (TPREL) received a letter of award (LoA) from Gujarat Urja Vikas Nigam Limited (GUVNL) to construct a 120 MW solar project in the state of Gujarat, India.

On Monday, Sun Pharma announced that one of its wholly-owned subsidiaries entered into an exclusive licensing and distribution agreement with Hikma Pharmaceuticals PLC (Hikma) for Ilumya, a plaque psoriasis medicine, in the Middle East & North Africa (MENA) region.

Since the information available for the month of April 2020 is limited, the provisional figures of May 2020 have been compared with the final figures of March 2020.

Domestic benchmark indices ended the trading session on a negative note on Monday as Sensex slipped by 552.09 points or 1.63 per cent to a level of 33,228.80 while Nifty fell by 159.20 points or 1.60 per cent to settle at 9,813.70.

The market opened in the red on June 15, 2020. The previous trading session witnessed the Sensex going up by 242.52 points to end at 33,780.89 and the Nifty was up 70.9 points to close at 9,972.90 .