When the entire market is in doldrums with weakness prevailing in the benchmark indices, Pharma sector has escalated by 2.9 per cent. We hold 8555-8600 followed by 8650 as the resistances. In case its a pullback we hold 8330-8215 as the supports.

Following stocks are close to their 52-week low as at 12.48 p.m. on June 8, 2018.

The markets on June 8, 2018 opened gap down. BSE Sensex is trading at 35,268.78, down by 194.30 points and the Nifty is trading at 10,709.90, down by 58.45 points.

The Board of Directors of Omax Autos approved the proposal for diversification and expansion of existing capacity for manufacturing products and equipment supplied to the Indian Railways. The meeting was held on June 7, 2018.

Overall volumes in futures & options currently stand at 1.79 crore contracts with a turnover of Rs. 18,18,786.62 crore.

Overall volumes in futures & options currently stand at 1.79 crore contracts with a turnover of Rs. 18,18,786.62 crore.

Diversified tobacco major, ITC plans to acquire Kolkata-based floor cleaner maker Arpita Agro, which sells its products under Nimyle brand. 

Going ahead, Thursday’s session gap area (10,722.60-10,698.35) would act as a crucial support area for the Nifty. Stocks in news: Time Technoplast, Indian Bank, Tata Motors, Omax Auto and Electrosteel Casting.

The key Indian indices are likely to nose-dive at the opening bell as cues from Asian peers are negative. Nifty 50 index futures on the Singapore stock exchange is currently trading in the red, down by 73 points at 10,699.  

In a significant development, PremjiInvest, the investment firm of Azim Premji, bought 6 per cent stake in Future Retail from Bharti Group for a total sum of Rs. 600 crore.