Alembic Pharma announced that the company has received approval from the USFDA for its Abbreviated New Drug Application (ANDA) Teriflunomide Tablets, 7 mg and 14 mg. The approved ANDA is therapeutically equivalent to the reference listed drug(RLD), Aubagio Tablets, 7 mg and 14 mg, of Sanofi- Aventis. Teriflunomide tablets are indicated for the treatment of patients with relapsing forms of multiple sclerosis.

Following stocks are close to their 52-weeks low as at 2:13 p.m. on April 22, 2019.

The markets on April 22, 2019 opened gap down. BSE Sensex is trading at 38,827.25, down by 313.03 points and the Nifty is trading at 11,646.15, down by 106.65 points. 

Adani Enterprises’ wholly-owned subsidiary Adani Defence Systems and Technologies has acquired the control of Alpha Design Technologies. Alpha Design Tech provides Adani Defence and Aerospace a strong Tier I capability for building a base for graduating to platform capabilities.

Shilpa Medicare has received USFDA approval for its ANDA, Busulfan injection, 60 mg/10 ml on April 18, 2018. According to IQVIA MAT Q4 2018 data, the US market for Busulfan injection, 60 mg/10 ml is approximately US$32.8 million.

Leading low-budget carrier SpiceJet partners with Emirates to provide seamless connectivity to flyers travelling to global destinations from domestic airports.

Overall volumes in futures & options currently stand at 3.28 crore contracts with a turnover of Rs. 21,63,258.86 crore.

Overall volumes in futures & options currently stand at 3.28 crore contracts with a turnover of Rs. 21,63,258.86 crore.

The bulls need to protect Tuesday’s session gap area of 11,705-11,732. On the higher side, the level of 11,800 is likely to act as a point of control and above this level, the bulls are likely to continue the rally. However, if it does not move above the 11,800 level, we expect some consolidation and some back and forth movement. Stocks in news: Avantel, Shilpa Medicare, Gravita India, The Shipping Corporation of India, Trigyn Technologies, Asian Granito.

The Indian equity markets will re-open after a long weekend and markets will first react to earnings of index bigwigs such as Reliance Industries and HDFC Bank.  While there are no clear cues from the global peers, we expect markets to begin on muted note as, at the time of writing, SGX Nifty was trading down by 9 points at 11,799.