Reliance Industries Limited (RIL) and Jio Platforms Limited, India's leading digital services platform, have informed the bourses of an investment of Rs 1,894.50 crore by L Catterton, giving it a 0.39 per cent equity stake in Jio Platforms on a fully diluted basis.

Friday’s low of 9,544 would be crucial to watch out in the coming week. On the upside, a follow through move above Friday’s high could take the index towards the levels of 10,120-10,150. Stocks in news: Reliance Industries, Tata Motors, Dr Reddy’s Laboratories, Sun Pharma, Oil India, GMR Infrastructure, Cantabil Retail India.

Welcome to a third week of June 2020! Last week Nifty halted its two-week winning streak as it closed the week down by 1.67 per cent, just below the 10,000 level.

The stock of Hero MotoCorp Limited has bounced back from the edge of the rising trendline support that is formed by connecting the swing lows from April 2020 and coincides with 20-day EMA level. The reversal from the support is further justified with strong volumes.

The stock of Chambal Fertilisers & Chemicals Limited has been picked up by our Bollinger Band Squeeze scanner, which suggests that the stock is near a consolidation breakout.

This is the third hydrochloride-based drug which has been granted regulatory approval. This development certainly reflects signs of sustenance of the company during the economic slowdown.

On Friday, Dr. Reddy's Laboratories and its subsidiaries informed the bourses, after-market hours that the company launched Colchicine tablets USP in the US markets. The drug is available in 0.6 mg tablets in bottle count sizes of 30s and 100s.

Tata Power Company Limited (TPCL) announced that it has entered into conclusive agreements with Oldendorff Carriers GmbH & Co. KG based in Germany, through its fully-owned subsidiary Trust Energy Resources Pte Limited (TERPL), for the sale of three capesize ships - MV Trust Agility, MV Trust Integrity and MV Trust Amity. This transaction has been initiated as part of the company's plan to reduce its debt.

The PSU index which consists of 57 PSU companies dipped by 30.9 per cent to 4,803.13 as on June 11, 2020 from 6,955.57 as on December 31, 2019. Of the total 57 PSU companies included in the BSE PSU index, only four companies have managed to deliver positive returns to the shareholders as yet in this year whereas the remaining 53 companies’ stocks have tumbled significantly.