In a bid to bring efficiency and to aid the ailing power infrastructure in the country, the Union Cabinet has approved the methodology for the auction of coal mines for commercial mining by private companies.

Indian benchmark indices closed marginally lower with both Nifty and Sensex down by 0.17 and 0.2 per cent, respectively. Broader markets too remained flat to negative. Relatively lower volumes and 14-period RSI lying at 35 levels do not predict any direction for now. 

Zydus Wellness surged as much as 7 per cent from its previous close. The stock has surged nearly 42 per cent from the low of February 6, making a kind of V pattern on the daily time frame.

Following stocks are close to their 52-week low as at 12.56 p.m. on February 20.

The markets on February 20 opened up. BSE Sensex is trading at 33,929.34, up by 154.68 points and the Nifty is trading at 10,418.20, up by 39.80 points.

In a significant boost, Suven Life Sciences bagged product patents in India and South Korea, following which the share price of company shot up by over 3 per cent on BSE on Tuesday. 

Aptech is moving almost consistently up with 7 per cent plus gains from previous close in an otherwise dicey market conditions. The move is after the stock took support at 61.8 per cent retracement and 200 days EMA level.

Power generation and transmission company JSW Energy signed a pact with the Maharashtra government on Tuesday for establishing a manufacturing unit for the electric vehicles (EV) and energy storage systems in the state.

Diversified natural resources company Vedanta is planning to expand its zinc operations in Africa in the light of a constant rise in the price of zinc. 

Shree Renuka Sugars Limited, an integrated sugar and bio-energy producers with business in India and Brazil is negotiating a deal to sell its Brazilian unit to a US-based private equity firm.