It was a virtual carnage across the global markets as they remained rocked by the intensified concern regarding the spreading of Coronavirus. On the Wall Street, Dow plunged 1,100 points on Thursday with even the tech-heavy Nasdaq not being spread. Indian markets are likely to remain under pressure and markets fear a ‘Black Friday’. Hence, we would advise traders to stay as light as possible since the weekend is likely to be wild with all the news flows.

Near term support is at 11,500-level. A move below 11,500 is likely to continue the negative trend whereas, a move above 200-DMA will result into a range-bound of positive movement.

FY19-20 is about to end in just one month and I’m sure you might be planning to buy insurance for the purpose of tax saving. So hereby, presenting you a life insurance buying guide for the year 2020.

The shares of the pharmaceutical company, Lasa Supergenerics Limited jumped today to hit a fresh 52-week high after the company announced recently that it has acquired Harishree Aromatics & Chemicals Private Limited.  

Glenmark Pharmaceuticals Ltd, a pharmaceutical company, today announced that its subsidiary, Glenmark Specialty SA has entered into an exclusive licensing agreement with Hikma Pharmaceuticals PLC for commercialising its novel nasal spray Ryaltris™ in United States of America.

National Company Law Tribunal (NCLT) Chandigarh Bench approved the merger of GlaxoSmithKline Consumer Healthcare Limited (GSKCH) into Hindustan Unilever Limited (HUL) which previously NCLT of Mumbai Bench had approved as per its order dated September 24, 2019.

US Food and Drug Administration (USFDA) conducted a post-approval and GMP inspection at Biocon’s facility located in Bengaluru.

Container Corporation of India Limited (CONCOR) and joint stock company-Russian Railways Logistics has executed a Memorandum of Understanding (MoU) for co-operation and collaboration in promoting intermodal transportation of cargo over International North-South Transport Corridor (INSTC).

L&T Limited’s construction arm has secured orders from prestigious clients for its varied businesses in India and abroad. The estimated value of these projects is Rs 1,000-2,500 crore.

Alphageo (India) Limited bagged order from Vedanta Limited for 2D and 3D Seismic Data Acquisition Services in Assam for an estimated contract value of Rs 184 crore (inclusive of taxes).