After a strong comeback by bulls on the final trading session of the last week, the start to the penultimate day of the year 2019 is likely to be a muted one, as global cues are mixed. However, the bulls have an upper hand and as of now, there is nothing incredibly bearish on the charts.

The stock of Exide Industries Limited has formed a Reversal Bearish Engulfing candlestick pattern on November 26, 2019, and thereafter entered into the downtrend.

Ratnamani Metals & Tubes Limited has given a Symmetrical Triangle pattern breakout on the weekly scale. This breakout gets confirmed by the above 50-week average volumes.

The stock of Granules India Limited has formed a Homing Pigeon candlestick pattern on the daily timeframe. On Friday, the stock opened with a minor gap above the Thursday’s close within its real body. But unlike the Bullish Harami pattern, it closed with Small Body red candle.

Cadila Healthcare has clarified and rejected the market claims of the company’s intent to sell two of its divisions.

On Friday, LT Foods announced that Kameda India Private Limited, a 51:49 joint venture between LT Foods Limited and Kameda Seika, Japan, has inaugurated a manufacturing facility in Sonipat.

Bharat Heavy Electricals Limited (BHEL) announced that it has successfully renovated and modernized one unit of the 3x60 MW Baira Siul Hydro Power in Himachal Pradesh. The Baira Siul is the first hydro station of National Hydroelectric Power Corporation (NHPC) to have been taken up for comprehensive renovation and modernization (R&M).

Reliance Infrastructure (RELINFRA) announced that it had won an arbitration award of 350 crore, including interest against the government of Goa. The dispute had been taken to arbitration when the Goa state utility delayed payments to Reliance Infrastructure for the power supplied to it from its 48 MW-Goa power plant in Sancoale.

The shares of the Indian Overseas Bank (IOB) surged as much as 6.48 per cent on Friday after the public sector bank announced that the Government of India had sanctioned a capital infusion of 4,360 crore in the bank.

Indian equity benchmarks snapped their three-session, losing run on Friday by clocking handsome gains of over a percent in the session, buoyed by strengthening sentiment across the Asian markets, as a Sino-US trade deal looked more imminent.