Piramal Enterprises announced that its Board has approved fresh capital raise of Rs. 5,400 crores through a Rights Issue and preferential allotment of Compulsory Convertible Debentures (CCDs).

The stated approval for Mysore-Bellary Highway is the eighth such approval among 9 the contracts between Indinfravit and Sadbhav infra projects. 

The Aeroflex Industries in engaged in manufacturing of Stainless steel flexible hoses. It is the first company in South East Asia to manufacture 14 inch stainless steel hoses. 

Dixon Technologies and Samsung India Electronics, entered into an agreement for manufacturing Mobile Phones. Dixon will be manufacturing feature phones for Samsung from its new manufacturing facility located at Noida, Uttar Pradesh.

If the index moves above the recent swing high of 16,874 or breaks above the sloping resistance line of falling wedge pattern, then it will give a confidence to the bulls. Until then, we can consider the current upswing to only be an attempt to overcome the oversold condition.

So far the worst hit stocks in the market from 2018 have been small caps and mid caps. Some recovery was seen during the period March to May 2019 but yet again a massive correction was seen till September 2019.

Bharti Infratel has informed the bourses that its board of directors have extended the deadline of its merger with Indus Towers by 60 days to December 24. The board has accepted the recommendation of extension provided by committee of directors.

Shilpa Medicare has received Establishment Inspection Report (EIR) from US Food and Drug Administration (USFDA) on 24^th October 2019, for the Finished Dosage Formulation Facility.

Today is the last trading session of the Samvat 2075 and market participants would wish to bid adieu to it on a high note. However, all hopes to end this year with an explosive trading session seem quashed with the likely cautious opening of the market this morning, thanks to India’s growth being slashed by Fitch to 5.5 per cent for the current fiscal.

The zone of 11,500-11,550 level is a crucial support area and the level of 11,700-11,720 is a resistance zone. A sustainable move on either side would lead to a trending move. Stocks in news: Tata Steel, Power Grid, Chalet Hotels, Vodafone Idea.