Aurobindo Pharma rises on receiving USFDA approval for Sodium Chloride injection Aurobindo Pharma rises on receiving USFDA approval for Sodium Chloride injection Chinmayee D / Wednesday, December 9, 2020 / Article rating: 4.3 The company will manufacture Dexmedetomidine Hydrochloride in 0.9 per cent Sodium Chloride injection, in the strengths of 200 µg/50 ml and 400 µg/100 ml single doses in flexible containers (bags). The injection is said to launch in January 2021.
Stocks that are likely to record significant movement on bourses today Stocks that are likely to record significant movement on bourses today Karan Dsij / Wednesday, December 9, 2020 / Article rating: 4.4 JSW Steel: The crude steel production for the month of November 2020 was at 13.32 lakh tonnes, showing a growth of 3 per cent YoY. The average capacity utilisation was 89 per cent during the month of November 2020. The shortage of iron ore remained a constraint in November 2020 to achieve higher capacity utilisation.
SGX Nifty indicates positive opening; PSU Bank stocks-PNB & Bank of Baroda witness huge open interest addition SGX Nifty indicates positive opening; PSU Bank stocks-PNB & Bank of Baroda witness huge open interest addition Karan Dsij / Wednesday, December 9, 2020 / Article rating: 4.7 The unabated journey continued for the Indian markets on Tuesday as well with both the indices, Sensex & Nifty logging fresh record highs. However, it was a tough row to hoe for the bulls as extinct bears fought their heart to gain supremacy but all in vain as the recovery in the second half of the trading session once again provided an advantage to the bulls.
Nifty trend for Wednesday Nifty trend for Wednesday Karan Dsij / Wednesday, December 9, 2020 / Article rating: 4.5 On the upside, the resistance is placed around 13,435, followed by 13,535 levels. On the downside, support is seen around the 13,300 mark. As long as it trades above the 13,300 mark, buy-on-dips would be a prudent strategy.
Mphasis features as Bollinger Band Squeeze pick Mphasis features as Bollinger Band Squeeze pick Vinayak Gangule / Tuesday, December 8, 2020 / Article rating: 3.6 The stock of Mphasis Limited has been picked up by our Bollinger Band Squeeze scanner, which suggests that the stock is near a consolidation breakout.
Bank of Baroda forms record session count pattern; bulls may take a breather Bank of Baroda forms record session count pattern; bulls may take a breather Vinayak Gangule / Tuesday, December 8, 2020 / Article rating: 3.6 This is an extremely rare pattern and usually occurs at the top of an uptrend. Generally, we rely on the typical momentum indicators or oscillators for recognising an overbought and oversold condition of the stock. However, this Japanese candlestick pattern gives us a unique way to recognise the time when the momentum is about to wane out.
Sensex, Nifty outperform global indices; BHEL gains 4 per cent, Adani Power declines by 8 per cent Sensex, Nifty outperform global indices; BHEL gains 4 per cent, Adani Power declines by 8 per cent Geyatee Deshpande / Tuesday, December 8, 2020 / Article rating: 4.0 On Tuesday, Sensex gained by 181.54 points or by 0.40 per cent to close at 45,608.51 levels while Nifty was up by 37.20 points or by 0.28 per cent and settled at 13,392.95 levels.
TVS Srichakra to invest Rs 1,000 crore in Capex; stock gains 6 per cent TVS Srichakra to invest Rs 1,000 crore in Capex; stock gains 6 per cent Abhinav Lahoti / Tuesday, December 8, 2020 / Article rating: 3.7 TVS Srichakra Limited announced its planned capital expenditure today of Rs 1,000 crore to ramp-up manufacturing in two of its plants in Madurai (Tamil Nadu) and Pantnagar (Uttarakhand).
Indoco Remedies to launch its first own-label product in Europe Indoco Remedies to launch its first own-label product in Europe Shreya Chaware / Tuesday, December 8, 2020 / Article rating: 3.6 Indoco Remedies announced today about winning major tenders in Germany, including AOK for Allopurinol tablets. This is the first time that the company would be launching its own label product in Europe.
Canara Bank sets floor price for QIP; stock jumps 8 per cent Canara Bank sets floor price for QIP; stock jumps 8 per cent Deepti Shidore / Tuesday, December 8, 2020 / Article rating: 3.8 Canara Bank Ltd, one of the largest public sector banks in India, is set to raise Rs 2,000 crore by way of qualified institutional placement (QIP). Reacting to the news, its stock gained 8 per cent on Tuesday.