Strides Pharma’s step-down wholly-owned subsidiary, Strides Pharma Globe Pte. Limited, Singapore, received USFDA approval for Lidocaine Ointment. The stocks of Strides gained 2 per cent in the morning trading session.

The company has received appointment date from the National Highways Authority of India (NHAI) for an EPC project worth Rs. 981 crore in Uttar Pradesh. 

Overall volumes in futures & options currently stand at 1.67 crore contracts with a turnover of Rs. 9,56,463.76 crore.

Overall volumes in futures & options currently stand at 1.67 crore contracts with a turnover of Rs. 9,56,463.76 crore.

It would be important for the Nifty to surpass its 200-day moving average and trade above this zone for extending its rally. Sustaining above the 200-day moving average will open up for upmove towards the levels of 10,840-10,890. Stocks in news: Lupin, Stride Pharma Science, Pricol, Sadbhav Engineering and Punjab & Sind Bank.

Today, the markets are likely to make an optimistic start, tracking positive trend among Asian peers and a positive close on Wall Street overnight. Traders will be getting some encouragement with the data released yesterday post-market, reflecting economy's improved performance as retail inflation eased to 2.3 per cent while IIP grew at an 11-month high of 8.1 per cent. The SGX Nifty is currently trading at 10,840 level, up by 52 points.   

Subsidiary of Hinduja Group, Ashok Leyland has signed an MoU with ELBIT Systems, Israel. The shares of the company gained more than 2 per cent intraday on Wednesday.

The cement major's MD and CEO Ajay Kapur has decided to resign from his post. The board has approved the resignation. Also, the company has announced a capacity expansion plan for its facility in Rajasthan.

White Organic Agro Limited announced the receipt of a direct export order of Long Grain Crème Sella Rice to Rebat Al Houda Trading Est, Dammam, Saudi Arabia. This would be the company’s first order in the international market.

The stocks most likely to witness significant movement on the bourses on December 13 are ITC, Bandhan Bank, Jubilant FoodWorks, Pricol and Ramco Systems.