A positive start expected as SGX Nifty is trading up by 38 points in the morning supported by handsome recovery in US markets yesterday and strong opening in Asian markets.
Market took a u turn yesterday after a dip and closed with a gain. Nifty50 plotted bullish piercing type candle on the daily chart yesterday. Nifty50 hold the support of 10530 after it broke down a support of 10600 in the day trade and bounced back to close at 10729.85.
U.S. markets made one of the biggest rallies of the 9 1/2 years with Dow's jump with 1086 points.
🎯 News & Impact 🎯
🎯 Sun Pharma :
Company's arm ‘Dusa Pharmaceuticals’ got awarded Preliminary Injunctive Relief by U.S. federal district court in patent infringement case.
🎯 Cadila Healthcare :
Zydus gets tentative US FDA nod for Febuxostat used for reducing production of uric acid in the body.
🎯 Man Industries :
Securities and Exchange Board of India imposed Rs 10 crore fine on 3 promoters of the company for failing to make an open offer to the company’s shareholders.
🎯 NTPC Limited :
Investment approval has been accorded for Bilhaur Solar Project of 140 MW capacity and Auraiya Solar Project of 20 MW capacity.
🎯 Cimmco :
Company’s promoter Titagarh Wagons to sell 15.4 lakh shares (5.64 % equity) today and tomorrow.
🎯 Lesha Industries :
Stock split from Rs. 10 to Re. 1.
Edited by Sharp.
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