Cipla has acquired the brand name and trademark rights for Vysov and Vysov M (vildagliptin + metformin), which are anti-diabetic drugs. Post this development, the stock was trading in green during the early trading session

The market opened in the green on 17th December, overall volumes in futures & options currently stand at 1.20 crore contracts with a turnover of Rs. 8,62,838.46 crore.

The market opened in the green on 17th December, overall volumes in futures & options currently stand at 1.20 crore contracts with a turnover of Rs. 8,62,838.46 crore.

 The total consideration for the acquisition is around US$6 million (Rs 42.44 crore). This acquisition will significantly expand ELGI's footprint in Michigan, USA.

The all-time high of 12,158 is likely to act as a resistance level for the index. It has to move past this resistance zone for a fresh round of up move. Meanwhile, on the downside, the immediate support is seen around 12,000 mark and a close below the 12,000 mark would mean that we might head back to lower end of the range, that is, 11,800 mark in the near term. Stocks in news: JM Financial, Cipla, Equitas Holding, Reliance Industries.

After a profit booking on Monday, the bulls are likely to bounce back on Tuesday, as the SGX Nifty is trading in the positive terrain in early trades and it was up by 27 points at 12,097 levels. The index has been trading in a broad range of 11,800-12,158 for the about last 32 trading sessions and it needs to break out on either side for a directional move.

The stock of ITC Limited has formed Falling Three Methods candlestick pattern on the daily timeframe. The Falling Three Methods is a bearish continuation pattern and usually appears in a downtrend.

The stock of Tata Global Beverages Limited has formed a Bearish engulfing candlestick pattern on the daily timeframe. This pattern is considered to be a bearish reversal pattern and usually occurs at the top of an uptrend.

Indoco Remedies received EU GMP certification from the UK Health Regulator for its sterile manufacturing facility (Plant II) at Verna, Goa. The company also stated that this is an outcome from the last successful inspection conducted by UK MHRA from September 16 to 20, 2019.

Most of the agricultural commodities were trading in green when the market opened on Monday. It opened on a positive note following US-China discussion on trade deal and Boris Johnson’s win in UK which signifies an open path for Brexit.