Investors invested in pharmaceutical and healthcare stocks were in euphoria during the past few months. However, it seems that the buzzing momentum of pharma stocks has slowed down.

The market opened in red on October 22, 2020.

The market opened in red October 22, 2020, overall volumes in futures & options currently stand at 4,55,61,450 contracts with a turnover of Rs. 33,02,118.97 crore.

The market opened in red October 22, 2020, overall volumes in futures & options currently stand at 4,55,61,450 contracts with a turnover of Rs. 33,02,118.97 crore.

The level of 11,775 is likely to act as important short-term support. While on the upside, the zone of 12,000-12,025 is likely to act as a sturdy wall of resistance.

In the last trading session, we saw that volatility raised its ugly head on D-Street and on Thursday. SGX Nifty is indicating opening bell losses to be seen on D-Street and the day promises to be another volatile trading day on the back of the expiry of weekly derivative contracts.

White Organic Agro today launched the immunity booster powder with the name, ‘ARHAM’. 

Considering the daily timeframe, the stock of Apollo Tyres Limited has given a horizontal trendline breakout formed by connecting swings highs from August 2020. The stock has formed a sizeable bullish candle on the breakout day, which adds strength to the breakout.

After a choppy session, Sensex ended at 40,707.31 levels today, up by 162.94 points or by 0.40 per cent. Nifty gained by 0.34 per cent or by 40.85 points to settle at 11,937.65 levels.

On Wednesday, Atul Limited announced that its joint venture with Nouryon, a leading global technology player in MCA, has received the environmental clearance for its 32,000 metric tonnes monochloroacetic acid (MCA) plant in Gujarat, India.