The market opened in the green on 23rd January. The previous day witnessed the Sensex going down by 208.43 points to end at 41,115.38 and the Nifty was down by 62.95 points to close at 12,106.90.

The Asset under Management (AUM) of domestic mutual fund industry has more than doubled in the last few years. It is the increased participation of retail investors that has helped to record such a growth.

The company released a press note to stock exchange informing that it has executed an EPC agreement with Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) for project scope in the state. 

The market opened in the green on 23rd January. The previous day witnessed the Sensex going down by 208.43 points to end at 41,115.38 and the Nifty was down by 62.95 points to close at 12,106.90.

Drug firm Cipla announced that it has received observations from United States Food and Drug Administration (USFDA) for its Goa manufacturing facility.

The Aerospace customer has renewed contract with an increase scope of delivery and additional areas of business. The company also signed a new contract with Heavy Engineering customer in North America. 

One of the major skin care and healthcare brands in India, Emami Group, is in talks with American multinational investment bank-JP Morgan for raising Rs 1,500 crore through Non-Convertible Debentures (NCDs).

We expect to witness a pullback rally, but the sell on rise would be a preferred strategy for the market participants as long as Nifty stays below the 12,250 mark. Stocks in news: Oil India, UPL, Datamatics Global Services, Cipla, MRF, ITI.

In the early trend, SGX Nifty is trading above the dotted lines indicating a flat to positive opening for Indian markets. However, cautious would continue to prevail on the D-Street as the global cues could play a spoil sport as the markets participants assess China virus impact. At the time of writing, SGX Nifty was up by 6 points at 12,146 levels.