DSIJ Mindshare

DEN Networks has entered into an agreement with VBS Digital for acquiring 51 per cent stake at a consideration of Rs 2.64 crore payable in cash. This acquisition will strengthen DEN Network’s reach in the state of Uttar Pradesh.

India's largest listed pharmaceutical company, Sun Pharma spiked by more than 5 per cent in early trade on Monday, on the back of a market buzz that the company's Halol facility will be inspected by the USFDA. At 10:58 hours, the stock of Sun Pharma was quoting 597.30 per share, up 3.21 per cent.

Overall volumes in futures & options currently stand at 42.37 lakh contracts with a turnover of Rs. 3,66,338.98 crore.

Overall volumes in futures & options currently stand at 42.37 lakh contracts with a turnover of Rs. 3,66,338.98 crore.

As long as Nifty holds the low of Friday, i.e. 10,520, the bias would be positive and buying on dips would be an ideal strategy for the traders. On the upside, targets likely for the day would be 10,600, followed by 10,640. In case the Friday’s low of 10,520,is breached, Nifty is likely to extended its correction up to the level of 10,480.