Therefore, the demerger of Max India will result in two listed companies, one created by the merger of Max Healthcare & Radiant Life Care, and the other by the merging of Max Bupa, Antara Living and Advaita.

Noida-based HCL Technologies (HCL) announced that it intends to acquire Cisco’s self-optimising network (SON) technology in a bid to help the company meet the growing needs of its customers in the telecommunication industry as the technology has become a major component in a move towards 5G networks.

Retail banking company, Yes Bank Limited, announced that it has acquired 24.19 per cent shares in Dish TV via pledged shares.

Air conditioning company, Blue Star Limited, announced that its board has approved the plan of raising Rs 300 crore via non-convertible debentures (NCDs).

Hyderabad-based software company, Raminfo Limited, informed that it has received a letter of award (LoA) from Andhra Pradesh State Agros Industries Development Corporation Limited, a government undertaking.

Considering the daily timeframe, the stock of DLF Limited has given a downward sloping trendline breakout, formed by connecting swing highs from March 2020. The breakout was supported by robust volumes.

The stock of Housing Development Finance Corporation Limited has formed a bullish engulfing candlestick pattern on the weekly timeframe.

We have taken BSE 500 companies into consideration and have enlisted the top five gainers and losers during the month of May.

Friday brought with it the news that drug maker Sun Pharmaceutical Industries has been granted approval by Drugs Controller General of India (DCGI) to initiate a clinical trial of Nafamostat Mesilate for treating COVID-19 patients.

During the afternoon session on Friday, Sensex was seen in a positive light as Sensex gained by 0.69 per cent or by 223.51 points to settle at 32,424.10 level while Nifty closed in green at 9,580.30 level, up by 0.95 per cent or by 90.20 points.