Domestic benchmark indices closed flat on Friday as Sensex dropped by 0.03 per cent or 11.57 points to settle at 38,128.90 while Nifty fell by 0.19 per cent or 21.30 points to end at 11,194.15.

The stock of Deepak Nitrite Limited has given a cup & handle pattern breakout on the daily timeframe. This breakout is supported by robust volumes. The length of the cup with handle pattern was of 54 trading sessions and the depth of the pattern was 19 per cent. 

Pharma-major, Lupin Limited, announced that it has received tentative approval for its Empagliflozin and Linagliptin tablet in the strengths of 10 mg/5 mg and 25 mg/5 mg from United States Food and Drug Administration (USFDA), to commercialise a generic version of Glyxambi tablets, of Boehringer Ingelheim Pharmaceuticals, Inc.

State-owned Bank of Maharashtra share prices was trading in the green on Friday, climbing by more than 4 per cent after the bank reported positive June quarter earnings on the back of a decline in bad loans.

The revenue from operations of Asian Paints has decreased by 42.7 per cent to Rs 2,922.66 crore from Rs 5,104.72 crore on a consolidated basis for the quarter ended June 30, 2020. The paints segment, which contributes the majority part of this revenue, saw a decrease of 42.56 per cent to Rs 2,870 crore from Rs 4,996 crore last year.

The consolidated net sales reported in Q1FY21 came in at Rs 660.56 crore, which declined by 36.52 per cent YoY from Rs 1,040.55 crore in Q1FY20.

INEOS Styrolution India informed the bourses on Friday that its promoter INEOS Styrolution APAC Pte. Ltd has decided to reject the discovered price of Rs 1,100 per equity share.

The countries leading two-wheeler manufacturer, Hero MotoCorp announced on Friday that it has invested Rs 84 crore (US$ 11 million) into Ather Energy, an Indian electric vehicle (EV) company, thus taking its shareholding in the company up to 34.58 per cent.

Indian airline, SpiceJet, informed the bourses on Friday that the company has been designated as Indian scheduled carrier to operate on agreed services between India and the UK in accordance with the air services agreement between the Government of India and the Government of the United Kingdom

IHS Markit has released a report, which states that the growth of India’s gross domestic product (GDP) is likely to recover in the second half of 2020.  IHS is of the view that if the impact of the COVID-19 pandemic recedes, India would project a GDP growth of 6.7 per cent in FY22E