Lupin, one of the largest pharmaceutical companies in India, posted a decent set of numbers for its fourth quarter of FY19. What should you do now?

The Hyderabad-based pharma major Aurobindo Pharma announced on Friday that it has received letters from the USFDA regarding inspections carried out earlier at the company’s API facilities.

Following stocks are close to their 52-weeks low as at 1:11 p.m. on May 17, 2019.

The markets on May 17, 2019 opened up. BSE Sensex is trading at 37,726.42, up by 332.94 points and the Nifty is trading at 11,348.25, up by 91.15 points. 

As every coin has a flip side, mutual funds are not different in that sense. Fund managers not only buy, but also sell their holdings. It becomes equally important to know what they are selling. We present below the facts and figures.

Overall volumes in futures & options currently stand at 3.10 crore contracts with a turnover of Rs. 19,86,219.46 crore.

Overall volumes in futures & options currently stand at 3.10 crore contracts with a turnover of Rs. 19,86,219.46 crore.

Trend traders will keep an eye on two levels, namely, 11,108 and 11,300, and breakout on the either side will result in a trending move. If bulls manage to surpass the resistance level of 11,300, Nifty may scale higher towards the levels of 11,370-11,400. On the downside, breach of 11,108 would result in a correction towards the level of 11,000. Stocks in news: Trigyn Technologies, InterGlobe Aviation, Bharat Forge, Manappuram Finance, Punjab National Bank.

It would be interesting to see whether or not bulls continue their last session momentum on Friday. Early cues from the SGX Nifty indicates that Nifty may open the session on a lacklustre note as SGX Nifty is trading lower by 17 points at 11,287. Nifty has an immediate hurdle at 11,300 and a breakout above this level would provide the much-needed impetus to the bulls. On the earnings front, Bajaj Auto, CESC, CUB, Dr Reddy’s Laboratories, Engineers India, IOC, Sobha and UPL will report their results today.

Auto component manufacturer Minda Industries reported its results for Q4FY19 and financial year ended March 31, 2019, during market hours on Thursday. The slowdown in auto sector is evident from the numbers on auto ancillary company. The sales growth is muted with just 8 per cent increase for Q4FY19 on a YoY basis.