On Tuesday, the Sensex and Nifty opened comfortably in green and then slid twice into red zone during the volatile trading session. The Sensex managed to close at 38843.88 levels, up by 44.80 points or 0.12 per cent. Nifty closed at 11472.25 levels, up by 5.80 points or 0.05 per cent. The Mid-Caps and the Small-Caps once again outperformed the markets.

The management of the company mentioned that many of its suppliers invoked force majeure clause (which allows temporary relief from contractual obligations in uncertain & uncontrolled situations such as pandemic).

Interestingly, the management in a conference call held for the discussion of the acquisition, mentioned that Bharti AXA made a loss of Rs 240 crore in FY20. This can be considered as one of the reasons why the stock price is not cheering on the announcement of the transaction.

Single-mode optical fibre is imported from various countries including China, Japan, the US and Korea. The major quantity is imported from China. The directorate, in its probe, concluded that the product is being imported to India in such increased quantities that it may threaten the domestic manufacturers.

CRISIL expects India’s retail food inflation, which is measured through consumer price index (CPI), to cool down in the second half of the ongoing fiscal year on account of the effect of the high base of the previous year, along with a bumper Rabi harvest and a good prospect of Kharif harvest

During the last six months, almost 150 stocks that trade on BSE have doubled.

The approved ANDA is therapeutically equivalent to the reference listed drug product (RLD), DesOwen Lotion, 0.05 per cent of Galderma Laboratories LP. Desonide Lotion is low to medium potency corticosteroids indicated for the relief of inflammatory and pruritic manifestations of corticosteroid-responsive dermatoses.

Volatility in markets can be seen during today’s trading session. After opening up in positive, Sensex continued to fluctuate, oscillating in the red and green territory.

The market opened in green on August 25, 2020, overall volumes in futures & options currently stand at 1,92,04,237 crore contracts with a turnover of Rs. 13,31,390.82 crore.

The market opened in green on August 24, 2020, overall volumes in futures & options currently stand at 1,25,46,616 crore contracts with a turnover of Rs. 8,85,496.25 crore.