Thursday brought with it an announcement from pharma company, Lupin Limited stating that it had been granted approval by United States Food and Drug Administration (USFDA) for Albendazole Tablets USP, 200 mg.

IT company, Wipro Limited declared its tie-up with CloudKnox Security, a cybersecurity start-up, to enable enterprises to proactively safeguard and manage their hybrid and multi-cloud infrastructure by detecting and remediating over-permissioned identities.

There is a high correlation between downward protection and long-term outperformance. This is because protecting from losses in the falling markets leaves more capital to grow than when the market rises again.

The early trends on SGX Nifty is indicating a black Friday for the markets.

Nifty has witnessed a distribution day as it ended with sharp losses on the back of higher volume as compared to its prior session. Traders are advised not to venture into aggressive long position as long as the index stays below this level. Stocks in news: Biocon, SBI Life Insurance, Wipro, Lupin. 

It is anticipating improvements in monthly revenues of drug firms from June and believes that the seasonality aspect of Indian domestic businesses will support their recovery.

Today's trading session ended on a negative note with domestic benchmark indices absorbing cues from global stocks and US Fed's policy announcement. Sensex tanked by 708.68 points or 2.07 per cent to settle at 33,538.37 while Nifty dropped by 214.15 points or 2.12 per cent and fell below its 10k levels settling at the level of 9,902 on Thursday.

The behaviour of non-cyclical stocks in India.

The agency said it foresees India making a strong recovery after the anticipated deep contraction in FY21, with GDP growth at 8.5 per cent in FY22. As per its predictions, India's economy will shrink by 5 per cent this fiscal.

On Wednesday in line with market expectation Federal Open Market Committee (FOMC) voted unanimously to keep the fed funds rate in a range of zero per cent to 0.25 per cent