L&T Finance Holdings is set to raise funds approximately of Rs. 150 crore through Cumulative Compulsorily Redeemable Non-Convertible Preference Shares (CRPS).

The recent announcements on corporate tax rate cut and GST cuts were not effective enough to boost the auto stocks. In fact, the auto stocks continue to decline as, currently, there isn’t any major initiative announced by the government, particularly for the auto sector.

As the market reversed its trend to downside, pharma and auto stocks led the losses in Friday’s trading session. While auto stocks fell amid concerns about sales growth, the pharma stocks had to face the brunt of drug quality, triggered by suspension of ranitidine hydrochloric drug.

The currency appreciation is positive for the overall sentiment of the markets. Strong currency and decline in crude oil prices will be key drivers for the markets going ahead.

Orient Refractories offers a wide range of Refractory and Monolithic products for the iron and steel industry and enjoys large domestic and international clientele.

Broader markets too ended with handsome gains. Both the BSE Mid cap index and the BSE Small cap index have logged gains of more than a per cent each for the week.

Considering the weekly time frame, the stock of Heidelberg cement India Limited is trading in Symmetrical triangle pattern since last 18 weeks.

The stock of HDFC Asset Management Company Limited forms Shooting Star candlestick pattern on weekly time frame.

The stock of Rites Limited has given downward sloping trendline breakout, formed by connecting swing highs from August 2018.

The company informed on Friday that Stride Pharma Global Pte Limited, Singapore, has received approval from the United States Food and Drug Administration (USFDA) for manufacturing Solifenacin SuccinateTablets, 5 mg and 10 mg.