Tata Power Company’s wholly-owned subsidiary, Tata Power Renewable Energy (TPREL) has received LOA from GUVNL on July 25, 2019 to develop a 250 MW solar project in Dholera Solar Park of Gujarat. This capacity is in addition to 100 MW awarded by GUVNL earlier at Raghanesda Solar Park in May'19.

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

Cipla’s wholly-owned subsidiary, Cipla Gulf FZ LLC, and Alvotech have entered into an exclusive partnership. The shares of Cipla were however trading lower post the news.

The following stocks would be in focus during Tuesday’s trading session in light of their results announcement: Axis bank, Tech Mahindra, VIP Industries, Hero Motocorp and Balkrishna Industries.

Following stocks are close to their 52-weeks low as at 2:16 p.m. on July 29, 2019.

The markets on July 29, 2019 opened gap down. BSE Sensex is trading at 37,638.79, down by 244.00 points and the Nifty is trading at 11,186.05, down by 98.25 points. 

Overall volumes in futures & options currently stand at 1,05,45,981 contracts with a turnover of Rs.7,07,105.57 crore.

Overall volumes in futures & options currently stand at 1,05,45,981 contracts with a turnover of Rs.7,07,105.57 crore.

The index has immediate resistance placed at the level of 11,322 as the 5-DEMA is placed near about this level, followed by 11,360 level. On the downside, immediate support is placed around the 11,200 mark. Stocks in news: Granules India, NHPC, Cadila Healthcare, IDFC, Maruti Suzuki, UFlex, Dalmia Bharat, Jubilant Life Sciences, Power Mech Projects, Sheela Foam.

At the time of writing, the SGX Nifty was lower by 12 points trading at the 11,316 level.