The market may test the 10,450-10,500 level in the short term. On the upside, immediate resistance would be seen around the 10,810 mark. Stocks in news: Dabur, Pidilite Industries, TCS, Future Retail, Infosys.

Biocon’s Malaysia facility, which manufactures Insulin Glargine, received EU GMP Certification. Despite this development, the stock of the company fell by 0.76 per cent on Thursday.

At the time of writing, SGX Nifty was down by 7 points at 11,712 level.

The company announced the results for quarter ended June 30, 2019 wherein its net profit increased by 32.35 per cent YoY to Rs. 45.82 crore. The company also declared a final dividend of Rs. 25 per equity share.

Pidilite Speciality Chemicals Bangladesh Private Limited’s (PSCBL) manufacturing plant has been commissioned at Bhaluka in Mymensingh. This will be PSCBL’s second plant in addition to the existing plant at Munshigonj in Bangladesh.

Shares of Lupin gained more than a per cent after the company announced divestment of Japan-based injectables business. However, the stock closed flat on Thursday.

The stocks to watch out on August 23 include Gillette, Coffee Day, Lupin, Tata Steel and DHFL.

Indian equity markets were in a sea of red on Thursday as markets failed to get any relief from the government with regards to the FPI surcharge. The benchmark index BSE Sensex lost 587.44 points to close at 36,472.93, down by 1.59 per cent. The Nifty50 closed at 10,737.75, down by 180.95 points or 1.67 per cent as bears were in action throughout the day.

Shares of NMDC tumbled over 8 per cent to touch a new 52-week low on Thursday after the company announced Rs. 200 per ton cut in iron ore lump and fines prices.

ED and CID are investigating alleged irregularities in Foreign Investment Promotion Board (FIPB) approvals given by former Finance Minister P Chidambaram. The stock of United Spirits Limited experienced volatility due its parent company's link to the case.