India’s top pharma company, Sun Pharma received final approval from the USFDA for its Abbreviated New Drug Application (ANDA) for the generic version of Generic Ganirelix Acetate injection, 250 mcg/0.5 ml.

The stock of Reliance Telecommunication (Rcom) spiked up in the early morning session on Monday, reacting to the Supreme Court order that allows the company to go ahead with the spectrum sale after ensuring a corporate guarantee from Reliance Realty.

Overall volumes in futures & options currently stand at 74.64 lakhs contracts with a turnover of Rs. 4,39,239.97 crore.

Overall volumes in futures & options currently stand at 74.64 lakhs contracts with a turnover of Rs. 4,39,239.97 crore.

In the coming session, Nifty has an immediate resistance around the level of 10,920 and a follow-through move above this level may take Nifty towards its 100-day moving average, i.e. 10,958. Stocks in news: Sun Pharma Advanced Research (SPARC), Biocon, Laurus Labs, Monte Carlo Fashions, BHEL, Genus Paper and Boards, Ashiana Housing, M&M Fin, VIP Clothing and Cadila Healthcare.

Indian benchmark indices are likely to open with a gap-up largely in tandem with the firm trend in other Asian bourses as investors cheered the news that Donald Trump and Xi Jinping have agreed to a temporary truce on the trade war. On Friday, the GDP data released after market hours  indicated that the Indian economy growth slowed to 7.1 per cent in the September quarter. Auto stocks will be in focus today as companies released monthly sales figures over the weekend.  The SGX Nifty Index Future was trading higher by 73 points at 10,983.

Zydus Cadila has received the final approval for Teriflunomide tablets from the United States of Food and Drug Association (USFDA). Shares of the company could most likely be in limelight on Monday’s trading session.

IDBI bounced almost 30 per cent from its previous support zone and then it has been trading in a narrow contracting trading range since early October. This stock recently occurred in our Bollinger Band Squeeze scanner which suggests that consolidation breakout is near.

A triangle forms when the price action narrows over several price swings. In SBIN, on the daily scale, the contracting triangle is in progress for the last four weeks. The price has reached near the apex point of the contracting triangle, next week it is likely to give a breakout.

The apex bank has allowed NBFCs to securitise loans of more than 5-year maturity if the loans were held for over six months on their books. This relaxation will provide extra liquidity to the NBFC sector.