The markets on May 21, 2019 opened gap up. BSE Sensex is trading at 39,417.68, up by 65.01 points and the Nifty is trading at 11,836.55, up by 8.30 points. 

Alembic Pharma has a cumulative total of 94 ANDA approvals, of which 82 have final approvals and 12 have tentative approvals from USFDA.

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The drug is used for overactive bladder treatment. As per IQVIA, the market for the said medicine was approx US$942.7 million in the 12-month period ending March 2019 in the US market.

Overall volumes in futures & options currently stand at 79.74 lakhs contracts with a turnover of Rs. 5,77,910.85 crore.

The company's oncology parenteral formulation plant at Baddi, Himachal Pradesh has received the US drug regulator's approval for the supply of Azacitidine injection, 100 mg/vial for the US market. Reacting to the development, the stock of Panacea Biotec was buzzing in the early morning session on Tuesday.

Overall volumes in futures & options currently stand at 79.74 lakhs contracts with a turnover of Rs. 5,77,910.85 crore.

The stock of Heidelbergcement India Limited gives consolidation breakout on the daily scale along with robust volumes. Additionally, the stock formed a sizeable bullish candle on the breakout day, which adds strength to the breakout.

The all-time high level of 11,856 will be closely monitored by the traders as sustaining above this level would further strengthen the bulls and the gates for the level of 12,000 would open up. On the downside, the level of 11,750 would be a crucial support for the Nifty. Stocks in news: PC Jeweller, ICICI Bank, GAIL, Adani Green Energy, Dynamic Cables, Panacea Biotec, Indostar Capital Finance.

The outlook for the day is a flat start as the global cues are not supportive. There was heavy selling across the US and European markets on account of the worsening trade situation and the escalating Middle-East crisis. At the time of writing, SGX Nifty was up by 6 points at 11,871. The quarterly numbers on tap are Bharat Financial Inclusion, Crompton and DLF.