The market opened in the green on July 6, 2020, overall volumes in futures & options currently stand at 1.31 crore contracts with a turnover of Rs. 7,92,884.44 crore.

The company will be conducting a Phase 2b, multicenter, open-label, randomised, comparator-controlled study to assess the effectiveness and safety of Desidustat tablet for the management of COVID-19 patients. 

In its 2019-20 annual report, Bengaluru-based Biocon Limited stated that it aims to list its biosimilar unit Biocon Biologics in the next two to three years, subject to market conditions.

The market opened in the green on July 6, 2020. The previous trading session witnessed the Sensex going up by 412.84 points to end at 36,434.26 and the Nifty was up 136.35 points to close at 10,743.70.

Kalpataru Power Transmission Limited (KPTL) has signed definitive agreements with Adani Transmission Limited to sell its wholly-owned subsidiary named Alipurduar Transmission Limited (ATL) for a total enterprise value (EV) of about Rs 1,286 crore.

Currently, India imports over 60 per cent of its APIs consumption from China and other countries, which opens up significant opportunities for Indian API manufacturers like Aarti Drugs. The company has geared up its API production by nearly 44 per cent to 25,591 MT in FY20.

All-in-all, Bank Nifty at present, is trading in the range of 22,500-20,900. A move above or below this level, could give the traders an opportunity to take a directional bet or else, buy on support and sell on the resistance is the best strategy for traders in this environment.

With the sideways price action, Bollinger Band has narrowed substantially and the stock is likely to give a consolidation breakout in the coming days.

Indian frontline equity indices ended the last week with a considerable gain. It helped equity bellwether index like Sensex and Nifty to close above their important psychological level of 36,000 and 10,600. This gain was achieved on the back of the positive global cues.

In the coming trading session, important support is placed at 10,562 and resistance will be seen around 10,631, followed by 10,751. Stocks in news: HDFC Bank, Astrazeneca, IFB Agro Industries, NLC India.