Indian equity markets are likely to open on a soft note as the extension of the lockdown till May 31 and a sharp surge in COVID-19 cases in the last few days had dampened the sentiments.

Drug major, Zydus Cadila announced on Saturday that it has received a tentative approval from United States Food & Drug Administration (USFDA) to market Droxidopa capsules, in the strengths of 100 mg, 200 mg and 300 mg.

Here is a list of mutual funds that are in-line to be launched soon.

DLF Limited, a real estate company, has been reaffirmed long-term rating as A+ and the outlook has been revised from positive to stable.

The MoU has been signed to explore opportunities of joint development of railways and other infrastructure projects in Asia, Africa and Latin America.

In the month of April, mutual funds increased their weightage in the healthcare sector by 220 basis points on a yearly basis.

The stock of India Cement Limited has given a downward sloping trendline breakout on the daily time frame. This breakout is confirmed by robust volumes.

Manappuram Finance Ltd, one of India's leading NBFCs, declared its results for FY 2019-20 on Friday. The company reported a full-year consolidated profit after tax of Rs 1,461.8 crore, a sharp increase of 55.7 per cent over the previous year's figure of Rs 938.9 crore. 

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PAT for the quarter came in at Rs 58.86 crore, with YoY increase of 114.5 per cent. The company holds a strong cash balance of Rs 764 crore, which is almost 38 per cent of its current market capitalisation.