Considering the early action in SGX Nifty and the Asian peers, it appears that the Indian benchmark indices are expected to open lower. Digging deeper, scaring the market participants the most is the global growth forecast from IMF as it cut global growth outlook amidst global trade tensions. Also, the US President Donald Trump threatened to impose tariffs on $11 billion worth of European Union (EU) products and the latest statement from the EU suggests these countries will retaliate. At the time of writing, SGX Nifty was trading around 11,709 levels down by 40 points.

Post lunch recovery sends benchmark indices back to their highs. The BSE Sensex closed at 38,939.22, up by 238.69 points or 0.62 per cent, while Nifty50 ended the day at 11,671.95, up by 67.45 points or 0.58 per cent on Tuesday.

The stocks that are likely to witness significant movement on the bourses on April 10 are Bharat Forge, Sundram Fasteners, Tech Mahindra, GSFC and Praj Industries

Gujarat State Fertilizers and Chemicals (GSFC) informed the bourses today that it will start annual shutdown of Ammonia - IV plant of Baroda Unit from April 13, 2019 for a period of 50 days.

Shilpa Medicare has received a tentative approval for its ANDA , Bortezomib for Injection, 3.5mg/vial from the USFDA. Bortezomib for Injection, 3.5mg/vial is a generic equivalent of reference listed drug (RLD), VELCADE used in the treatment of patients with multiple myeloma and Mantle Cell Lymphoma as recommended in the label approved by the FDA.According to IQVIA MAT Q4 2018 data, the US market for Bortezomib for Injection, 3.5mg/vial is approximately US$609 million.

Nomination is often considered to be the first step towards estate planning. However, just having a nomination alone is not enough for wealth distribution. Let’s find out crucial aspects of effective estate planning.

Sobha Limited announced its fourth quarter business update for FY19, on Monday. The company clocked a sales volume of 1,129,268 square feet in Q4FY19 worth Rs. 920.5 crore. The sales value for the quarter was up by nearly 13.3 per cent from the corresponding quarter of the previous year. 

JSW Steel reported a crude steel production of 16.69 million tons (MT) in FY19, registering a growth of 3 per cent over the corresponding period of the previous year. With this, the company achieved 99.6 per cent of its production guidance of 16.75 Million tonnes, given at the start of FY19.

Following stocks are close to their 52-weeks low as at 12.53 p.m. on April 09, 2019.

The markets on April 09, 2019 opened gap down. BSE Sensex is trading at 38,656.41, down by 44.12 points and the Nifty is trading at 11,589.85, down by 14.65 points.