Greaves Cotton has acquired 25,73,529 equity shares of its subsidiary Ampere Vehicles by way of investment through primary and secondary purchase for a total consideration of Rs. 38.49 crore.

Nifty needs to convincingly hold above 11,600-11,650 to provide fresh impetus to the bulls. On the downside, the level of 11,426-11,461 is likely to act as a support for the index. Stocks in news: SBI, NTPC, Ashok Leyland, Greaves Cotton, Capacite Infraprojects, Aditya Birla Fashion.

The outlook for the day is a soft start as cues from Asian peers are not helpful. At the time of writing, the SGX Nifty was trading down by 12 points at 11,574 levels.

The company in its exchange filing said that due to sharp slowdown in disbursement and loan growth post September 2018, the financials of the company have been quite strained for the quarter impacting the overall performance of the year.

Indian ethnic wear is a large segment in the Indian fashion market and with this partnership, ABFRL would further enhance its presence on this segment.

JB Chemicals & Pharmaceuticals has entered into a Memorandum of Understanding (MoU) with Greenscape Builders & Developers. Shares of the company however closed on a negative note.

The stock of Gujarat State Petronet Limited (GSPL) has given downward sloping trendline breakout on the daily scale formed by connecting swing highs from August 8, 2018.

ICICI Securities Limited was picked by our Bollinger Band squeeze scanner which suggests that the stock is near a consolidation breakout.

US Food and Drug Administration (USFDA) has completed the inspection at Natco Pharma’s Chennai unit. The shares of the company rose almost 2 per cent on the back of the news in the early trade but failed to sustain the gains and fell in the afternoon session.

The stocks to watch out on July 16 include Aditya Birla Fashion and Retail, J. B. Chemicals, Greaves Cotton, Ashok Leyland and DHFL.