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On the lower timeframe, Nifty is moving in a rising channel and now going ahead the level of 9,740, followed by 9,674, it’s likely to act as a strong support for the index. Stocks in news: HDFC Asset Management Company, Wipro,HCL Technologies.

Steel Strips Wheels Limited (SSWL) has received new export orders for over 36,000 wheels for European Union (EU) caravan and truck trailer market.

The company informed that its manufacturing plants in Oonnukal and Vannappuram (Kerala) have started day-shift basis as per the norms issued by the government.

Having regard to US Fed's announcement about additional stimulus and taking cues from global indices, domestic markets were trading higher by about 800 points during the morning trading session. However, a sharp fall erasing all the gains was witnessed after tensions between India and China flared up as the Indian Army reported that an officer and two soldiers were killed in Galwan Valley in eastern Ladakh on Monday night during a violent face off with the Chinese troops. Later a recovery in Sensex by 651.92 points from the day’s low was seen as Sensex closed at 33,605.22 which is 376.42 points or 1.13 per cent higher than its previous close while Nifty gained by 100.30 points or 1.02 per cent to settle at 9,914.

During previous month, the company also informed about the manufacturing of its new product i.e. Kraft Paper. The product will have uses in packaging material such as carry bags, business cards, Kraft envelopes, etc.

Shilpa Medicare Limited is all set to acquire FTF Pharma Private Limited through share purchase agreement (SPA). As per the terms of draft share purchase agreement, the acquisition would be completed on or before April 30, 2023.

India’s largest automaker, Maruti Suzuki India Limited (MSIL) informed the bourses that it has collaborated with IndusInd Bank in a bid to offer attractive finance schemes for its customers.

With upgradation purposes in mind, Vardhman Special Steels underwent 78 shutdowns during the previous fiscal year. Such upgrade was executed in order to modernize steel melting shop facilities whose annual capacity at present stands at 2,00,000 TPA.

The market opened in the green on June 16, 2020. The previous trading session witnessed the Sensex going down by 552.09 points to end at 33,228.80 and the Nifty was down 159.20 points to close at 9,813.70 .