Hydrocortisone Valerate Ointment is used in the treatment of skin disease like swelling, itching and redness. As per IQVIA, the market for the said medicine was approx US$11.1 million in the 12-month period ending October 2018 in the US market.

NTPC Limited acquired Barauni Thermal Power Station (720 MW) in District Begusarai, Bihar. The company acquired the power station from Bihar State Power Generation Company Limited (BSPGCL) effective from December 15, 2018.

The biotech major's Active Pharmaceutical Ingredient (API) manufacturing facility located in Telangana was inspected by USFDA in the month of December. The inspection concluded without any observation.

Overall volumes in futures & options currently stand at 80.12 lakh contracts with a turnover of Rs. 4,80,578.85 crore.

Overall volumes in futures & options currently stand at 80.12 lakh contracts with a turnover of Rs. 4,80,578.85 crore.

Going ahead, the zone of 10,750-10,757 is likely to act as crucial support for the index. On the upside, immediate hurdle is placed around the level of 10,811. Stocks in news: Biocon, Reliance Industries, Wipro, NTPC, Cadila Healthcare, Datamatics Global Services, Infosys, Bharti Airtel, Future Consumer and Canara Bank.

Indian markets are expected to open with modest gains as cues from Asian peers are mixed. The SGX Nifty is currently trading at 10,858 level, up by 27 points.   

After witnessing fierce sell-off, crude oil prices traded in contracting consolidation from last three weeks which looks like symmetric contracting triangle in lower time frame. The contracting triangle can be a continuation or a reversal pattern. Although, more often it is a continuation pattern.

Chennai Petroleum Limited reached near its downward sloping trendline formed by connecting highs from January 2018, on the weekly time frame. This coincides by the stock's long-term moving average, i.e. 200-week exponential moving average, which is currently placed at 283.20 level. After registering its 52-week low, the stock is trading in a range for the last nine weeks along with low volumes, which indicates it is just a pull-back and the original downtrend is likely to resume soon.