China’s trade surplus with the United States rose 19.4 per cent YoY in the first quarter to US$58.25 billion, showed data released by China’s custom department. China’s exports to the US rose 14.8 per cent YoY, while imports grew 8.9 per cent YoY.

The country’s biggest player in IT sector, Tata Consultancy Services (TCS) regains its crown as the most valued firm in India with Rs. 6 lakh crores market capital overtaking Reliance Industries, on Thursday.

Overall volumes in futures & options currently stand at 1.42 crore contracts with a turnover of Rs. 13,58,258.11 crore.

Overall volumes in futures & options currently stand at 1.42 crore contracts with a turnover of Rs. 13,58,258.11 crore.

The company has also received a rescue offer from two prominent business families of India, the Munjals and Burmans.

Going ahead, immediate resistance is seen in the zone of 10,480-10,500. On the downside, support is seen around 10,410, followed by 10,350. Stocks in the news: NBCC, Infosys, Dabur, HCL Technologies, Texmaco Rail and Engineering and Mahindra and Mahindra.

Today, the markets are likely to make a positive opening after the US markets gained in overnight trade. Traders will now look forward to the IT major Infosys, which will declare its March quarter results today. 

Orissa Minerals Development Company shot up by 19 per cent in Thursday’s intraday trade as the company received six iron and manganese ore mines on lease from the state government of Odisha.

Mahindra Defence Systems and Bharat Electronics Limited (BEL) joined hands to harness the emerging opportunities in the Indian Defence sector. The two companies signed a MoU at the ongoing Defence Expo 2018 in Chennai.

Biocon and its partner Mylan ink an in-licensing agreement with Fujifilm Kyowa Kirin Biologics (FKB) to expedite commercialization of Adalimumab biosimilar.