A V-shaped recovery, which we have witnessed from the lower levels, is nearing a crucial mark and some consolidation at the current levels is important before the next leap. At the same, time it is important for the bulls to hold 11,920 mark. Stocks in news: ITI, Lupin, Sagar Cement.

In the last session, the bulls scored a hat-trick of gains and reclaimed the 12,000 mark on Nifty. On Thursday, the pitch is firm for the bulls to bat on and extend its upmove for the fourth straight day as global cues are cheerful. However, SGX Nifty in the early trend is indicating a cautious start ahead of the RBI’s Monetary Policy Committee’s policy outcome.

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The following stocks will be in focus during Thursday’s trading session in the light of their result announcements: Aarti Drugs, Aditya Birla Fashion & Retail, Bata India, Eicher Motors and Lupin.

JB Chemicals & Pharmaceuticals' board has approved the purchase of entire trademarks portfolio of Unique Pharmaceutical Laboratories Ltd (UPLL) at onetime consideration of Rs 8 crore. The transaction would be completed before the end of this year.

Sensex ended today’s trading session above 353 points after a survey released on Wednesday stated that the growth of India’s service sector has hit a seven year high in January.

Hindustan Aeronautical Limited (HAL) announced on Wednesday that it had signed a Memorandum of Understanding (MoU) with Israel Aerospace Industries Limited (IAI) and Dynamatic Technologies Limited (DTL), for the marketing, manufacturing and selling of IAI's Unmanned Aerial Vehicles (UAVs) to Indian Defence customers such as the Indian Defence Force (IDF), Paramilitary Forces and Central Armed Forces.

The shares of Apollo Micro Systems Limited gained today after the company informed that it will acquire more than 50 per cent stake in Ananya SIP RF Technologies Private Limited (ASIP).   

The stock of Pudumjee Paper Products Limited (PPPL) was trading in green after the company reported impressive results for the nine-month period ended December 31, 2019.

Larsen & Toubro Limited’s Metallurgical & Material Handling (MMH) business and Mitsubishi Corporation has jointly announced the commissioning of state-of-the-art, three million tonnes per annum capacity, hot strip mill at SAIL Rourkela on January 31, 2020.