On Thursday, we expect the index to witness a stable opening and see some consolidation. On the upside, the levels of 11,600, followed by 11,640, are likely to act as immediate hurdles for the index. Stocks in news: Lupin, Ultratech Cement, DHFL, Granules, HDFC, Nestle, ITI, Jet Airways, BPCL and Navneet Education.

Today, the markets are likely to make a flat start as the cues from global markets are muted. The SGX Nifty suggests that Nifty could open around 11,623.  

Pharma major Lupin bagged tentative USFDA approval for its generic Nudovra tablets. The company got USFDA approval to market this generic version of Natazia tablet belonging to Bayer Healthcare Pharmaceuticals. The stock of Lupin Limited is off its 52-week low and has witnessed trend reversal, recently.

The US drug regulator has granted Strides’ request to designate the medications under these ANDAs as a Competitive Generic Therapy (CGT). The company's wholly-owned step-down subsidiary, Strides Pharma Global Pte. Limited, Singapore, received the ANDAs.

MACD is an acronym for moving average convergence divergence. Created by Gerald Appel in the late 1970s, the indicator is one of the most popular tool in use today. Market participants use MACD for determining trend direction, momentum and potential reversals.

Kerala is facing a huge natural catastrophe. The devastating floods have taken the state aback but the country stands with them. The floods will adversely impact certain sectors and industries. Kerala comprises of only 5 per cent of the Indian population, but it is a highly consumption-oriented state. Many industries depend on Kerala for raw material supplies and more.

BSE has signed an MoU with the Government of West Bengal to create awareness amongst the SMEs of the state about the benefits of listing. MoU was signed on August 21, 2018.

Housing Development Finance Corporation Limited has signed an agreement to acquire 30,52,469 equity shares of Re. 1 each of Good Host Space from Manipal Integrated Services.

AGS Transact Technologies has filed its draft red herring prospectus (DRHP) with the market regulator SEBI for an initial public offer (IPO).

The stocks that are likely to witness significant movement on the bourses on August 23 are Adani Green Energy, Granules India, Axis Bank, Uflex and HDFC