The biotech major's Active Pharmaceutical Ingredient (API) manufacturing facility located in Telangana was inspected by USFDA in the month of December. The inspection concluded without any observation.

Overall volumes in futures & options currently stand at 80.12 lakh contracts with a turnover of Rs. 4,80,578.85 crore.

Overall volumes in futures & options currently stand at 80.12 lakh contracts with a turnover of Rs. 4,80,578.85 crore.

Going ahead, the zone of 10,750-10,757 is likely to act as crucial support for the index. On the upside, immediate hurdle is placed around the level of 10,811. Stocks in news: Biocon, Reliance Industries, Wipro, NTPC, Cadila Healthcare, Datamatics Global Services, Infosys, Bharti Airtel, Future Consumer and Canara Bank.

Indian markets are expected to open with modest gains as cues from Asian peers are mixed. The SGX Nifty is currently trading at 10,858 level, up by 27 points.   

After witnessing fierce sell-off, crude oil prices traded in contracting consolidation from last three weeks which looks like symmetric contracting triangle in lower time frame. The contracting triangle can be a continuation or a reversal pattern. Although, more often it is a continuation pattern.

Chennai Petroleum Limited reached near its downward sloping trendline formed by connecting highs from January 2018, on the weekly time frame. This coincides by the stock's long-term moving average, i.e. 200-week exponential moving average, which is currently placed at 283.20 level. After registering its 52-week low, the stock is trading in a range for the last nine weeks along with low volumes, which indicates it is just a pull-back and the original downtrend is likely to resume soon.

Mutual fund houses follow different methods of valuation for corporate bonds which lead to discrepancies in the NAV of the fund, to address this issue SEBI is likely to issue uniform guidelines for pricing of corporate bonds in mutual funds. Read on to find out more.

Ministry of Finance has increased the central government's NPS contribution for its employees to 14 per cent from the existing 10 per cent. The government has also tweaked the tax exemption limit for withdrawal on exit making it a Triple E investment plan.

The stocks most likely to witness significant movement on the bourses on December 15 are Aditya Birla Capital, Indian Oil Corporation, Bharti Airtel, Vodafone Idea, Gujarat Ambuja Exports and Jet Airways.