DSIJ Mindshare

Pharma major Lupin on Thursday announced receiving final nod from the US Food and Drug Administration (USFDA) to market its Clobetasol Propionate cream.

Benchmark indices were in a sea of red, down close to 600 points on Friday. BSE Sensex was at 35,322.45, down by 584.21 or 1.63 per cent, Nifty50 was at 10,834.40, down by 182.50 or 1.66 per cent at around 10:30 hours. Markets seem to be extremely disappointed by the Union Budget 2018.

Overall volumes in futures & options currently stand at 1.53 crore contracts with a turnover of Rs. 15,08,842.96 crore.

Overall volumes in futures & options currently stand at 1.53 crore contracts with a turnover of Rs. 15,08,842.96 crore.

In the coming session, we believe the low of ‘high wave candle’ i.e. 10,879 is a crucial support and a follow through move below this level may trigger further sell-off up to levels of 10,800. On the other hand, the level of 11,121 would be a crucial level to watch out for and any follow through move above this level would once again open the gates for all-time high levels. Top stocks to watch out: Lupin, Info Edge, Grasim Industries, Zee Media, Gammon Infra and Hinduja Ventures.