The markets shut their doors on Friday at record closing highs but they were off from day’s highs. The lack of momentum in Friday’s session was visible in the markets as they headed nowhere and spent the whole session in a minimal and narrow range. The signs of fatigue are visible but positive global cues are likely to help the markets to grind higher and extend its up move for the fifth consecutive day.

Debt funds are said to be low in volatility compared to equity funds. However, in 2019, debt funds also showed its volatility in parts. Let us find out how they have performed despite the volatility.

NLC India Limited commissioned two units of 500 Mega Watt (MW) each in its new Neyveli Thermal Power Station, the fuel for which is to be sourced from mines at Neyveli.

IPCA Laboratories (IPCA) announced on Friday that it had entered into an agreement with Medicines for Malaria Venture to co-develop an antimalarial co-formulation called 'Atoguanil'.

On Friday, the BSE Sensex rose 0.02 per cent to end at 41,681.54 and the NSE Nifty rose 0.1 per cent to close at 12,271.80. On intra-day basis, Nestle India (4 per cent), Titan (3.70 per cent), Tata Steel (3.19 per cent), and Yes Bank (3 per cent) were among the top gainers.

Cadila Healthcare announced that the United States Food and Drug Administration (USFDA) cleared its Gujarat facility. Post this development, a jump of 2 per cent was seen in their share price.

In case of other major players, such as VST Industries and Godfrey Philips the trend is same. The CAGR sales growth for Godfrey Philip till September 2019 was 2.5 per cent from December quarter ended in 2018. VST Industries saw CAGR sales growth of less than 1 per cent during same period.

The stock of ICICI Lombard General Insurance Company Limited has given an Ascending Triangle pattern breakout on the daily timeframe with a relatively higher volume.

Suven Life Sciences reported that the company underwent USFDA renewal inspection at its facility in Pashamylaram near Hyderabad.

On Friday, the stock has given a neckline breakout of the Double bottom pattern. This breakout was confirmed by the above 50-day average volumes.