Multinational IT Corporation, Infosys Ltd is planning to launch a privacy-first contact tracing solution in association with Rhode Island (US). The partnership will help people and state officials to prevent the spread of Coronavirus cases as well as slow down community transmission of the disease in United States.

Finolex Industries Ltd (FIL), India’s largest manufacturer of rigid PVC pipes & fittings, has increased the turnover discount scheme (TOD) across its dealer network, which is in addition to its already existing TOD that the company pays to incentivise its dealer network.

As every coin has a flip side, mutual funds too are no different in that sense. Fund managers not only buy but also sell. It becomes equally important to know what actually they are selling. So, let’s find out.

The monthly holding report of domestic asset management companies show that they are bullish on pharmaceutical companies and bearish on banking stocks.  

The market opened in the green on May 20, 2020. The previous trading session witnessed the Sensex going up  by 167.19 points to end at 30,196.17 and the Nifty was up 55.85 points to close at 8,879.10.

The market opened in the green on May 20, 2020. The previous trading session witnessed the Sensex going up  by 167.19 points to end at 30,196.17 and the Nifty was up 55.85 points to close at 8,879.10.

The market opened in the green on May 20, 2020, overall volumes in futures & options currently stand at 2.24 crore contracts with a turnover of Rs. 10,85,207.05 crore.

We have considered BSE-listed companies and jotted down top five companies in which promoters have increased their stake. The list also comprises of those companies, where promoters have decreased their stake in the quarter ended March 2020 as compared to December 2019 quarter.

The market opened in the green on May 20, 2020, overall volumes in futures & options currently stand at 2.24 crore contracts with a turnover of Rs. 10,85,207.05 crore.

Larsen & Toubro Infotech (LTI) reported stellar performance amid a challenging time. Its consolidated revenue for the quarter came in at Rs 3,011.9 crore, registering 7.14 per cent QoQ increase. This was primarily driven by growth across all the verticals. BFSI and Manufacturing segment, which are the top two major revenue contributors

India’s largest power generation company, Tata Power Co. Ltd, has approved the issuance of non-convertible debentures of around Rs 1,500 crore.

SGX Nifty indicates that the markets may have a firm start this Wednesday but like Tuesday, it could face a resistance soon. The range for the day is likely to be 8,800-9,050. Until and unless Nifty does not decisively breach this range on either side, we could see it staying within the boundaries of the range mentioned.

The important support for Nifty is placed around 8,800 mark and a decisive move below this support level, could drag Nifty towards 8,550-8,500 in the short-term. On the upside, the zone of 9,050-9,120 is likely to act as a stiff resistance. Stocks in news: Finolex Industries, Mangalam Drugs and Organics, Tata Power, Spice Jet.

The shares of the mining company, Vedanta Limited, tanked more than two per cent today after the company announced that its board of directors has approved a proposal for delisting the company from BSE and NSE. 

Nesco’s consolidated revenue for the fourth quarter of FY20 was up by 25.9 per cent YoY to Rs 117.75 crore. This was primarily due to 86 per cent YoY jump in the IT Park revenue

TCS iONTM, a strategic unit of Tata Consultancy Services (TCS), announced the launch of remote assessments, a product that enables universities and exam boards to conduct secure, free and fair examinations at scale, in a remote model. The exam schedule of education institutions and exam conducting boards has been deeply impacted due to the current pandemic.

Lincoln Pharmaceuticals Limited has received European Union (EU) GMP certification from Germany FDA for its manufacturing facility located at Khatraj (Gujarat). The certification will allow the company to market its products in all the 27 member countries of EU and also give an access to European Economic Area (EEA) countries. The company aims to enter EU markets very soon with its dermatology, gastro and pain management products and gradually expand product portfolio.

Fabric manufacturer, Raymond Ltd, announced that the company is planning to raise funds via NCDs this week.

Pharma major Lupin Limited announced that it had launched an authorised generic version of Bausch Health’s Apriso (Mesalamine extended-release capsules 0.375 gm) in US Market.

Alembic Pharmaceuticals Limited informed the bourses on Tuesday that its joint venture, Aleor Dermaceuticals Limited has received approval from United States Food & Drug Administration (USFDA) for its abbreviated new drug application (ANDA) Clobetasol Propionate shampoo, 0.05 per cent.

The market opened in the green on May 19, 2020. The previous trading session witnessed the Sensex down  by 1,068.75 points to end at 30,028.98 and the Nifty was down 313.60 points to close at 8,823.25.

Everyone is eager to know what the mutual fund managers bought or sold and especially keen to know what they actually bought. So, here, we bring you a list of stocks that attracted the fund managers in the month of April 2020. Let’s find out.

The market opened in the green on May 19, 2020. The previous trading session witnessed the Sensex down  by 1,068.75 points to end at 30,028.98 and the Nifty was down 313.60 points to close at 8,823.25.

The market opened in the green on May 19, 2020, overall volumes in futures & options currently stand at 1,81 crore contracts with a turnover of Rs. 9,03,860.84 crore.

The market opened in the green on May 19, 2020, overall volumes in futures & options currently stand at 1,81 crore contracts with a turnover of Rs. 9,03,860.84 crore.

Laurus Labs today informed the bourses that it has received an approval from USFDA under President’s Emergency Plan for AIDS Relief (PEPFAR) for two abbreviated new drug applications (ANDAs)

Biocon Limited’s subsidiary Biocon Biologics India Ltd has received a certificate of GMP compliance from EMA for multiple Biologics drug substance (DS) and drug product (DP) manufacturing facilities at Biocon Park, Bengaluru.

The company’s order book as on December 31, 2019 stood at Rs 22,011 crore. Its order book mix comprises of T&D-54.6 per cent, civil-11.3 per cent, cables-1.9 per cent, railways-31.1 per cent and smart infra- 1.1 per cent.

NourishCo Beverages Limited is a joint venture in the ratio of 50:50 between Tata Consumer Products and PepsiCo. This stake acquisition of Pepsico will further expand Tata’s Food & Beverages portfolio.

Nifty has retraced more than 50 per cent of the prior rise and the next major support is placed in the region of 8,756-8,800 as 61.8 per cent retracement is placed in this region. On the upside, the zone of 9,050-9,165 is likely to act as a resistance level for the index. Stocks in news: VEDL, Tata Consumer, ABFRL, Raymond.

Indian equity markets nosedived on Monday and closed at one month low. But as Doug Kass says often, the markets have no memory from day to day. The market participants are likely to catch by surprise as SGX Nifty is indicating a strong opening this morning and helping this cause are also the firm global cues after Moderna reported that its experimental trial of COVID-19 vaccine showed promising results.

Domestic benchmark indices have begun the week on a negative note as Sensex fell by 1,068.75 points, which is 3.44 per cent lower than its previous close to be at the level of 30,028.98. Nifty closed down by 313.60 points, which is 3.43 per cent lower than its previous close to settle at 8,823.25 level.

The stock of Bata India Limited has given a breakdown of rising wedge pattern on the daily time frame. This breakdown was confirmed by the above 50-day average volume.

Tata Steel Limited was picked by our Bollinger Band squeeze scanner, which suggests that the stock is near a consolidation breakout.

PAT for the quarter came in at Rs 32.6 crore as against Rs 47.4 crore in the corresponding quarter last year, with YoY decline of 31.2 per cent.

On Monday, Praj Industries and Sekab E-Technology AB (Sweden) signed a cooperation agreement to upgrade and commercialise base technology for producing advanced biofuels and biochemicals from forest residue as feedstock.

With the pandemic still very well holding itself, we can see lockdowns are getting more lenient to let the economy have another start. So, here are a few things that you need to remember at such times.

The stock of Canara Bank slumped more than seven per cent on the bourses today after the bank announced that it has launched a special business vertical dedicated for gold loans with low interest, in order to provide hassle-free credit to its customers.

The market opened in the green on May 18, 2020. The previous trading session witnessed the Sensex down  by 25.16 points to end at 31,097.73 and the Nifty was down 5.9 points to close at 9,136.85.
 

The market opened in the green on May 18, 2020. The previous trading session witnessed the Sensex down  by 25.16 points to end at 31,097.73 and the Nifty was down 5.9 points to close at 9,136.85.

The market opened in the green on May 18, 2020, overall volumes in futures & options currently stand at 1,08 crore contracts with a turnover of Rs. 5,61,885.86 crore.

The market opened in the green on May 18, 2020, overall volumes in futures & options currently stand at 1,08 crore contracts with a turnover of Rs. 5,61,885.86 crore.

KNR Constructions Limited (KNRCL) along with its joint ventures, announced that the company has received orders worth Rs 2,309.23 crore from Irrigation & CAD Department, Government of Telangana.

Nirmala Sitharaman said that there will be indigenisation of some imported spares and a separate budget provisioning for domestic capital procurement will be done. This will reduce the huge defence import bill, she stated.

Reliance Industries Limited (RIL) announced that its rights issue of a size of Rs 53,125 crore will open on May 20 and close on June 3, 2020. Also, General Atlantic is set to make an investment in Jio Platforms.

As per the data of IQVIA (IMS Health), US sales of Advair Diskus is nearly $2.9 billion for the 12-month period ending March 2020.

The lockdown had already affected the sales of almost the entire month of March. The sentiments got further impacted due to the news flow that Coronavirus spreads rapidly in low temperatures.

The level of 9,000 would be crucial level to watch out and any move below this level, could lead to further downside towards 8,820 levels. Meanwhile, on the upside, Thursday’s gap which stands at 9,281-9,351 is likely to act as a resistance. Stocks in news: Reliance Industries, KNR Constructions, Future Consumer, Godrej Consumer Products.

Indian equity markets are likely to open on a soft note as the extension of the lockdown till May 31 and a sharp surge in COVID-19 cases in the last few days had dampened the sentiments.

Drug major, Zydus Cadila announced on Saturday that it has received a tentative approval from United States Food & Drug Administration (USFDA) to market Droxidopa capsules, in the strengths of 100 mg, 200 mg and 300 mg.

Here is a list of mutual funds that are in-line to be launched soon.

DLF Limited, a real estate company, has been reaffirmed long-term rating as A+ and the outlook has been revised from positive to stable.

The MoU has been signed to explore opportunities of joint development of railways and other infrastructure projects in Asia, Africa and Latin America.

In the month of April, mutual funds increased their weightage in the healthcare sector by 220 basis points on a yearly basis.

The stock of India Cement Limited has given a downward sloping trendline breakout on the daily time frame. This breakout is confirmed by robust volumes.

Manappuram Finance Ltd, one of India's leading NBFCs, declared its results for FY 2019-20 on Friday. The company reported a full-year consolidated profit after tax of Rs 1,461.8 crore, a sharp increase of 55.7 per cent over the previous year's figure of Rs 938.9 crore. 

Debt MFs have been going through a rough patch and require one’s due diligence before investing in it. Read on more to find out relevant points that you need to check on before investing in debt MFs.

PAT for the quarter came in at Rs 58.86 crore, with YoY increase of 114.5 per cent. The company holds a strong cash balance of Rs 764 crore, which is almost 38 per cent of its current market capitalisation.

ensar Technologies reported stellar operational performance in the fourth quarter of the fiscal year 2019-20. Profit after tax surged nearly 74.8 per cent QoQ to Rs 72 crore

On the financial front, it reported 25 per cent growth in sales on YoY basis, largely due to volume growth. The electricity volumes registered growth in Q4FY20, from 9,908 MU to 13,835 MU.

The market opened in the green on May 15, 2020. The previous trading session witnessed the Sensex down up by 2.77 percent to end at 31,122.89 and the Nifty was down 2.57 percent to close at 9,142.75.

The market opened in the green on May 15, 2020. The previous trading session witnessed the Sensex down up by 2.77 percent to end at 31,122.89 and the Nifty was down 2.57 percent to close at 9,142.75.

The market opened in the green on May 15, 2020, overall volumes in futures & options currently stand at 5,00 crore contracts with a turnover of Rs. 23,82,281.68 crore.

The market opened in the green on May 15, 2020, overall volumes in futures & options currently stand at 5,00 crore contracts with a turnover of Rs. 23,82,281.68 crore.

The company has reported an order book of Rs 12,443 crore as of the end of third quarter of FY20, which translates nearly three times of its TTM revenue.

Hikal Ltd derives nearly 66 per cent of revenue share from exports. It has a wide presence in Europe, US and other parts of Asia. Crop protection segment contributes 41 per cent of its total revenue.

Biocon Limited has announced its financial result for the quarter ending March 2020. Its consolidated revenue for the quarter Q4FY20 came in at Rs 1,581 crore as against Rs 1,528.8 crore in the corresponding quarter last year, registering 3.4 per cent YoY increase.

The stock of pharmaceutical company, Unichem Laboratories Limited, rose by more than five per cent today after the company announced that it has received an establishment inspection report (EIR) from USFDA for its API facility at Roha.

Sustaining below the level of 9,116 would open up for a downmove toward the levels of 9,000-8,900. While, on the upside, the resistance has now shifted towards 9,270-9,350 levels. Stocks in news: Intellect Design Arena, Torrent Pharmaceuticals, IRCON International, Unichem Laboratories, HDFC.

On the final trading session of the week, SGX Nifty is see-sawing near the neutral line as well as trading flat at 9,118 levels. The second tranche of economic package was unveiled by Finance Minister. She announced a host of schemes for migrant workers, street vendors, small traders and small farmers.

Behavioural finance is one of the key areas that one should understand while investing. So, what are the behavioural biases that you should keep at bay during such uncertain times. Let’s find out.

Under agri machinery products, the volume stood at 20,108 units, down by 20 per cent YoY. Under construction equipments, the volume stood at 986 units, down by 32.2 per cent YoY.

Leading private sector bank, Federal Bank Limited, joined hands with MoneyGram Payment Systems, Inc., a wholly-owned subsidiary of MoneyGram International, Inc., a global leader in cross-border P2P payments and money transfers, for a strategic partnership to offer a cost-effective direct to bank account credit option for customers in India.

Finance Minister’s stimulus aimed towards reviving the gloomy Indian economy failed to cheer up Indian stock markets as Sensex plunged by 885.72 points, which is 2.77 per cent to reach the level of 31,122.89 while, Nifty dipped by 240.80 points, which is 2.57 per cent to be at the level of 9,142.75.

Datamatics Global Services Ltd (DGSL), a global IT & BPM company, announced its strategic partnership with Ingram Micro to enhance presence in Indian market for its intelligent automation suite of products including TruBot, TruCap+ and TruBI.

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he week gone by was extremely volatile and lacked any clear trend

IT major, Infosys Limited and NICE Actimize, a leader in autonomous financial crime management, announced the expansion of their strategic collaboration.

PNC Infratech Limited informed the bourses on Wednesday that it has been declared as the L1 (lowest) bidder for NHAI project of 53.95 km long four-laning of Meerut-Nazibabad section of NH-119

The market opened in the red on May 14, 2020. The previous trading session witnessed the Sensex going up by 2.03 percent to end at 32,008.61 and the Nifty was up 2.03 percent to close at 9,383.55.

Lupin Limited has received an establishment inspection report (EIR) from United States Food & Drug Administration (USFDA) for its Visakhapatnam (Andhra Pradesh) facility.

The market opened in the red on May 14, 2020. The previous trading session witnessed the Sensex going up by 2.03 percent to end at 32,008.61 and the Nifty was up 2.03 percent to close at 9,383.55.

The market opened in the red on May 14, 2020, overall volumes in futures & options currently stand at 2,27 crore contracts with a turnover of Rs. 11,80,265.29 crore.

The market opened in the red on May 14, 2020, overall volumes in futures & options currently stand at 2,27 crore contracts with a turnover of Rs. 11,80,265.29 crore.

The low of Wednesday’s session would be crucial to watch out as sustaining below 9,350 level, could lead the index towards 9,116 levels. While on the upside, sustaining above 9,450 mark, could open gates for 100-200 points rally on the upside. Stocks in news: Datamatics Global Services, Kingfa Science & Technology, Infosys, Maruti Suzuki India, PNC Infratech.

On Thursday, Indian markets are set for a negative start as SGX Nifty indicates a gap-down opening. At the time of writing, SGX Nifty was down by 151 points at 9,248 level.

The stock of REC Limited has given a downward sloping trendline breakout on the daily time frame. This breakout is confirmed by above 50-day average volumes.

The government tenders of up to Rs 200 crore would not be the global tenders. This creates a higher window to MSMEs in grabbing more business opportunities as there will be no international players in the bidding process.

Dr Reddy’s Laboratories, a multinational pharmaceutical company, announced that the company has received an establishment inspection report (EIR) for Srikakulam formulations plant.

Hexaware Technologies Ltd, one of the fastest-growing next-gen providers of IT services, has launched Amaze for Data & AI, the new cloud transformation solution for taking on-premise data warehouses and analytics ecosystems to cloud.

Operating profit during the period tanked nearly 50 per cent YoY to Rs 723.4 crore. Operating margin in the quarter deteriorated by almost 280 bps from corresponding quarter of previous year to 4.2 per cent.

Domestic benchmark indices finally ended their continuous streak of volatile trading sessions as today, Sensex jumped by 2.03 per cent, which is by 637.49 points to close at the level of 32,008.61 while, Nifty inched up by 2.03 per cent, which is 187 points to reach the level of 9,383.55.

Currently, we are undergoing a rough economy patch and during such times, your financial planning strategy defines your financial situation. Read on to find out more.

Infosys, a global leader in the next-generation digital services and consulting, has been selected by GlobalFoundries (GF), the world’s leading speciality foundry, as its partner for the company’s digital transformation program. Through this partnership, Infosys will provide expertise and analytical solutions to optimise the overall efficiency and agility of GF’s manufacturing and business operations.

The economy and the market are not moving in tandem when the conventional wisdom says it should move together. Read on to know more about this conundrum.