IDBI Bank on Wednesday informed the bourses that its board of directors has approved rupee bond borrowing limit of Rs 7,500 crore for FY 2020-21 to be borrowed in one or more tranches

The market opened in the green on April 9, 2020, overall volumes in futures & options currently stand at 2.25 crore contracts with a turnover of Rs. 11,62,159.01 crore.

Cipla Limited has received a final approval for its abbreviated new drug application (ANDA) for Albuterol Sulfate Inhalation Aerosol 90 mcg (base)/actuation from United States Food and Drug Administration (USFDA).

The stock of Cummins India Limited has formed a bullish engulfing candlestick pattern on a daily time frame. The bullish engulfing candlestick pattern is considered to be a bullish reversal pattern and usually occurs at the bottom of a downtrend.

The zone of 9,000-9,150 is stiff resistance for the bulls and hence, only sustaining & closing above this zone, would result in the further advancement. Meanwhile, on the downside, the level of 8,500 is a crucial support for the index. Stocks in news: Manali Petrochemicals, Kolte-Patil Developers, Marico, Titan.

The early trend on SGX Nifty indicates that Indian markets are likely to open with a gap-up, following strong cues from Wall Street overnight. SGX Nifty is indicating that Nifty may open 140 points higher at 8,891 levels. Going forward, traders will keenly watch the outcome of key OPEC+ meeting as it will provide further cues for markets across the globe.

The country’s largest passenger car manufacturer, Maruti Suzuki India, announced that its total production dropped 32.06 per cent to 92,540 units in March 2020 from 1.36 lakh units in March 2019.

Sterlite Technologies Limited (STL), a leading integrator of data networks, announced on Wednesday that it has increased 258 global patent portfolios to its credit, including 93 patent applications filed in FY20 for its optical connectivity, network services and virtual mobile edge solutions.

At stock specific level, Sun Pharma led the gains with 4.7 per cent while, Tata group stocks  such as TCS and Titan were among the top losers, ending the session down by 4 per cent and 3.5 per cent, respectively.

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