Indian markets were seen trading near the day’s high, aided by strong recovery in banking & financial stocks.

Vaishali Pharma Limited, a pharmaceutical company based in Mumbai, announced this morning that it has bagged an order worth Rs 2.02 crore from Afghanistan.  

As per the deal, the company will engage in the supply of active pharmaceutical ingredients (API), packaging material like capsules, glass vials, rubber stoppers, flip-off seals, and sterile water for injection, etc. It will also provide specific machinery setups such as tablet manufacturing machines.

The buildings & factories business of Larsen & Toubro Construction has secured a significant contract from Oilfields Supply Company in Saudi, owned by Dubai-based Oilfields Supply Center Ltd to design and build one of the world's largest oil & gas supply bases at King Salman Energy Park, Dammam (Kingdom of Saudi Arabia). 

The Indian film & music industry has witnessed a confluence of two iconic entities during the weekend.  

One of the largest generic pharmaceutical companies by revenue globally, Lupin Limited is poised for a technical breakout on the daily chart. Read onto know what the momentum indicators and volumes are suggesting about the stock.

AstraZeneca: AstraZeneca Pharma India Limited has launched Fasenra™ in India. Benralizumab (Fasenra™) is indicated as an add-on maintenance treatment for severe asthma with an eosinophilic phenotype in adult patients.   

Aditya Birla Sun Life Mutual Fund launches its multi-cap fund, which is now open for subscription. Read onto find out more.

Caplin Point Laboratories Limited announced on Monday after the market hours that its subsidiary company, Caplin Steriles Limited, has been granted final approval from United States Food & Drug Administration (USFDA) for its abbreviated new drug application (ANDA) Milrinone Lactate injection. 

The BSE PSU index, which consists of 60 PSU companies, jumped 9.78 per cent to 6,346.55 as of April 19, 2021, from 5,781.29 as of December 31, 2020. During this period, the index was able to touch a higher level of around 7,354.32 recently. 

The fall could be attributed to the reports surfacing that Maharashtra Government may tighten curbs along with limiting timings of grocery shops from 7 to 11 am.