On Monday, when the indices were touching roof on account of cut in corporate tax, the stock of ZEE Entertainment (ZEEL) was bleeding red as lenders to the Essel group sold pledged promoters’ shares of ZEEL. As per media reports, it is SBI Mutual fund which invoked pledged shares in the company.

Biocon’s subsidiary, Biocon Biologics has acquired R&D capital assets for 60,000 sq. ft. state-of-the-art ‘bench to pilot scale’ Biologics research facility at TICEL Bio Park in Chennai, India.

Overall volumes in futures & options currently stand at 2,03,47,874 contracts with a turnover of Rs. 14,31,999.26 crore.

Overall volumes in futures & options currently stand at 2,03,47,874 contracts with a turnover of Rs. 14,31,999.26 crore.

Monday’s session high of 11,694 would be a crucial level to watch out on the upside as sustaining above this level would open up for further up-move towards level of 11,800 followed by 11,880. Stocks in news: Thomas Cook, Manappuram Finance, TCS, Wipro, Infosys.

Early indication from the SGX Nifty indicates that the domestic benchmark indices are on the way to log hat-trick of gains as at the time of writing the SGX Nifty has surged 56 points to trade at 11,656 levels.

The stock of Amara Raja Batteries limited has given downward sloping trendline breakout on daily scale.

The stock has given breakout of downward sloping channel along with strong volumes. 

Meanwhile, expressing confidence over growth of Indian economy, RBI governor Shaktikanta Das said that GDP numbers for Q2 will be better than the previous one as the government has started spending again. Attributing the 5 per cent GDP growth in Q1 to very low government spending, he said with the Centre opening its coffers again, growth should pick up going forward.

The stocks to watch out on September 24 include BHEL, Alembic Pharma, K.P.R. Mill, Punjab & Sind Bank and Tata Motors.