The market opened in the green on May 19, 2020, overall volumes in futures & options currently stand at 1,81 crore contracts with a turnover of Rs. 9,03,860.84 crore.

Laurus Labs today informed the bourses that it has received an approval from USFDA under President’s Emergency Plan for AIDS Relief (PEPFAR) for two abbreviated new drug applications (ANDAs)

Biocon Limited’s subsidiary Biocon Biologics India Ltd has received a certificate of GMP compliance from EMA for multiple Biologics drug substance (DS) and drug product (DP) manufacturing facilities at Biocon Park, Bengaluru.

The company’s order book as on December 31, 2019 stood at Rs 22,011 crore. Its order book mix comprises of T&D-54.6 per cent, civil-11.3 per cent, cables-1.9 per cent, railways-31.1 per cent and smart infra- 1.1 per cent.

NourishCo Beverages Limited is a joint venture in the ratio of 50:50 between Tata Consumer Products and PepsiCo. This stake acquisition of Pepsico will further expand Tata’s Food & Beverages portfolio.

Nifty has retraced more than 50 per cent of the prior rise and the next major support is placed in the region of 8,756-8,800 as 61.8 per cent retracement is placed in this region. On the upside, the zone of 9,050-9,165 is likely to act as a resistance level for the index. Stocks in news: VEDL, Tata Consumer, ABFRL, Raymond.

Indian equity markets nosedived on Monday and closed at one month low. But as Doug Kass says often, the markets have no memory from day to day. The market participants are likely to catch by surprise as SGX Nifty is indicating a strong opening this morning and helping this cause are also the firm global cues after Moderna reported that its experimental trial of COVID-19 vaccine showed promising results.

Domestic benchmark indices have begun the week on a negative note as Sensex fell by 1,068.75 points, which is 3.44 per cent lower than its previous close to be at the level of 30,028.98. Nifty closed down by 313.60 points, which is 3.43 per cent lower than its previous close to settle at 8,823.25 level.

The stock of Bata India Limited has given a breakdown of rising wedge pattern on the daily time frame. This breakdown was confirmed by the above 50-day average volume.

Tata Steel Limited was picked by our Bollinger Band squeeze scanner, which suggests that the stock is near a consolidation breakout.