With GLP-1 therapies expected to be a significant revenue driver in the future, Biocon aims to strengthen its footprint in this segment.

The Board of Directors approved the issuance of commercial papers worth Rs 570 crore on a private placement basis

Following the Asian market, the domestic indices opened on a positive note on Thursday. The markets cut some gains in the afternoon session but managed to remain in green.

On Wednesday, the benchmark indices remained under pressure post the repo rate hike. RBI hiked the key policy repo rate by 50 bps to 4.90 per cent whereas the markets were relieved, as there was no CRR hike. The repo rate hike by RBI is likely to impact the home loan borrowers, both the existing as well as the new ones. While the hike is positive for the banks and the NBFCs, it is likely to be a burden for the borrowers. 

At noon on Tuesday, the core equity indices, i.e. Sensex and Nifty 50 were trading on the lower side as the markets globally fear that the onset of a recession is very near.  

 Reserve Bank of Australia hiked its interest rates by 50 basis points (half a percentage) in a surprise move, which was a bolder move than was expected by the economists.  

On Thursday around noon, the core equity indices i.e., Sensex and Nifty 50 were trading higher by a per cent each amidst mixed cues in the global markets.  US Stock futures climbed in the overnight trade as the market recovered from its April sell-off and investors reacted favourably to Meta Platforms' profits.  Dow Jones Industrial Average futures rose 70 points or 0.2 per cent. Futures on S&P 500 increased by 0.7 per cent while Nasdaq 100 futures increased by 1.2 per cent.  

The shares of Texmaco Rail and Engineering Ltd surged to almost 4 per cent on Thursday. The shares off Sugar, Power and Cement companies are on the rise in the afternoon session of the bourses.  

Keep a watch on these stocks and their volumes for potential breakout and consider hopping in for decent profits! 

On Monday, domestic benchmark indices settled in green for the second consecutive day and buying was seen in the metal, oil & gas, power and IT stocks.

On Tuesday, equity benchmark indices broke the three-day losing streak and ended in green in the highly volatile session before the RBI policy outcome scheduled later in the current week.

Despite the selling pressure witnessed in markets, we have come out with a list of stocks that are capable of relatively outperforming in the near term. These stocks are selected based on the T20 Breakout system.