The stock is meeting Daryl Guppy’s multiple moving averages set up rules as it is trading above both the short and long-term moving averages. Interestingly, the RSI has broken out of inverse head and shoulders like pattern, which is a very bullish sign.

Sensex opened in green only to lose momentum and spend the rest of the trading session in red. Sensex closed at 37,606 levels, down by 129 points or 0.34 per cent while Nifty shut shop at 11,088, down by 13.90 points or 0.13 per cent.

The numbers show a very positive trend in the re-opening of the economy. Despite this, the bank added that the overall situation continues to be uncertain. One of the major challenges that the bank sees is the extended working capital cycle and waning cash flows.

ABB India has opened a new robotic facility in Bengaluru. ABB Nelamangala factory premises in Bengaluru would enable the company to deliver robotic applications and digital solutions for a variety of Indian industries, including automotive, food and beverage, electronics, and other upcoming sectors.

During the recently concluded Q1FY21, the company reported 14.5 per cent growth in electricity volumes at 14,878 MU in comparison to the same quarter last year.

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The market opened flat on July 31, 2020. 

The market opened flat on July 31, 2020, overall volumes in futures & options currently stand at 6,29,47,311 crore contracts with a turnover of Rs. 41,88,028.33 crore.

The market opened flat on July 31, 2020, overall volumes in futures & options currently stand at 6,29,47,311 crore contracts with a turnover of Rs. 41,88,028.33 crore.

Tata Capital Growth Fund is set to invest Rs 225 crore (USD 30 million) to buy 0.85 per cent minority stake in Biocon Biologics, which is the subsidiary of Biocon Limited, handling the company’s biosimilar business.