For the medium term, the recent base around 11,850 levels is strongest support for now. On the upside, the 12,300 level is likely to act as a strong resistance for the medium term. Stocks in news: RITES, CreditAccess Grameen, Adani Green Energy, Premier Explosives, Sterling and Wilson Solar, PTC.

Good morning and welcome to the first trading day of the year 2020! Before we begin with the note, we would like to wish all of our loyal readers a wonderful 2020 and may each day of the New Year be filled with contentment, opportunities, peace, and abundance.

There is more than one way to measure the performance of an investment. A time-weighted return reflects simple investment returns and shows the amount of money grown in a given time. Another way of measuring the returns is asset-weighted returns.

The stock of IRB Infrastructure Developer Limited has formed a three white soldiers candlestick pattern on the daily timeframe. Three white soldiers is a bullish candlestick pattern, which is used to predict the reversal of the current downtrend in a pricing chart.

Cochin Shipyard has been declared as a successful resolution applicant by the Committee of Creditors (CoC) of Tebma Shipyards Limited (TSL) under the corporate insolvency resolution process (CIRP) of the Insolvency and Bankruptcy Code, 2016.

Alkem Laboratories Limited entered into an asset purchase agreement with AbbVie Inc., USA, for the acquisition of certain assets related to the active pharmaceutical ingredient (API), Dronabinol.

Indoco Remedies has received the final USFDA approval of its ANDA for Febuxostat Tablets 40 mg and 80 mg, which is therapeutically equivalent to the reference listed drug (RLD), viz., Uloric Tablets 40 mg and 80 mg of Takeda Pharmaceuticals U.S.A., Inc.