On Monday, Sensex was up by more than 200 points at 45,306.01 levels. BSE Small-Cap index gained 1.34 per cent while BSE Mid-Cap index rose by 0.83 per cent.

In phase 1 clinical trial, the company will study the safety, tolerability, pharmacokinetics, and pharmacodynamics of ZYIL1 in healthy human volunteers.

BDL: Indian Air Force, last week, successfully test-fired Akash Missiles. Designed & developed by DRDO, Akash is one of the most successful and indigenously made missiles inducted into the Indian Army as well as the Air Force. Bharat Dynamics Limited (BDL) is the manufacturer of the missile.

SGX Nifty indicates that the markets may face some turbulence on Monday morning as it is trading down by 45 points at 13,281 levels. This is mainly due to negative cues prevailing in the Asian indices. The market participants would like to grab this opportunity and prefer to buy in dips as the major trend of the market remains completely in the favour of the bulls.

In the past, we have seen a tight range breakout resulting in a sharp movement on the upside; hence, we expect this breakout could lead the index towards the targets of 13,534, which is a 161.8 per cent extension of the previous swing.

Axis Mutual Fund has launched Axis Special Situations Fund, an open-ended equity scheme predominantly investing in disputative companies.  Read on to know more.

New Fund Offers (NFO) that are open for subscription.

Considering the daily timeframe, the stock has given a pennant pattern breakout. This breakout was confirmed by the robust volumes. The height of the pennant’s pole is almost 125 points. A pennant is a short-term trend continuation pattern and the breakout above the downward sloping trendline signals that the previous uptrend has resumed.

Tata Power today announced that it has received a letter of intent (LOI) from Odisha Electricity Regulatory Commission (OERC) for the distribution & retail supply of electricity in Odisha’s five circles of the western part (WESCO) and six circles of the southern part (SOUTHCO). Tata Power has received this licence of distribution for a period of 25 years.

RBI has kept the key policy rates unchanged. What does this mean for the debt mutual fund investors? Let’s find out.