Mid-cap pharmaceutical company, IPCA Laboratories has acquired US-based API company for US$9.65 million through its wholly-owned US subsidiary and a step-down subsidiary.

Following stocks are close to their 52-week low as at 12.53 p.m. on January 17.

The markets on January 17 opened gap up. BSE Sensex is trading at 34,959.70, up by 188.65 points and the Nifty is trading at 10,750.50, up by 50.05 points. 

The partnership includes eight e-retailers amazon,Flipkart, Grofers, Shopclues, BigBasket, 1mg, Paytm Mall and Netmeds, through which its entire range of products would be available online.

IT major Tata Consultancy Services ( Tata Consultancy Services) was trading at its 52-week high on Wednesday, following a stream of news flow on new business wins. The company signed a 10-year deal worth US$690 million with M&G Prudential in the UK. 

Overall volumes in futures & options currently stand at 67.54 lakh contracts with a turnover of Rs. 5,98,316.12 crore.

Overall volumes in futures & options currently stand at 67.54 lakh contracts with a turnover of Rs. 5,98,316.12 crore.

Going ahead, a follow through move below Tuesday’s session low of 10,687 could lead to further profit-booking, and in which case, the levels of 10,650, followed by 10,600 can be tested. Top stocks in focus today : Varun Beverages, Texmaco Rail and Engineering, Sun Pharma, Symphony, GAIL, Pioneer Distilleries. 

Today, markets are likely to start on a cautious note on the back of sluggish regional cues. The SGX Nifty indicates that the Nifty could open at 10,717, almost flat at the opening bell. 

The stocks that are likely to record significant movement on the bourses on January 17, 2018 are Texmaco Rail & Engineering Limited, GAIL (India) Limited, Infosys Limited, Symphony Limited, TCS Limited and Grasim Industries Limited.