Cipla Technologies, a subsidiary of Cipla and Pulmatrix Inc., a clinical stage biopharmaceutical company focused on developing novel inhaled therapeutics to serve unmet needs in respiratory disease, announced signing a definitive agreement for the co-development and commercialization of Pulmazole.

Prestige Estates Projects through its wholly-owned subsidiary Prestige Retail Ventures has acquired the entire stakes of Babji Realtors making it an indirect wholly-owned subsidiary of Prestige Estates.

 

The stock debuted at 20 per cent premium to its issue prices on Tuesday. The stock was very popular with IPO subscribers and was subscribed around 52 times.

The benchmark indices BSE Sensex and Nifty were buzzing in the morning session on Tuesday. Nifty hit a new high. The market was up on positive cues following optimistic monsoon forecast for this rainy season.

Overall volumes in futures & options currently stand at 94.62 lakh contracts with a turnover of Rs. 6,40,559.64 crore.

Overall volumes in futures & options currently stand at 94.62 lakh contracts with a turnover of Rs. 6,40,559.64 crore.

In the coming session, bulls need to cross their immediate hurdle of 11,710, as sustaining above this level will likely open up further upmove towards its all-time high level of 11,760. But failure to cross and sustain above 11,710 level would lead  to consolidation and sideways movement where the levels of 11,640, followed by 11,550, are likely to act as support levels. Stocks in news: Dr Reddy’s Laboratories, Cipla, TCS, Prestige Estates Projects, Deepak Fertilisers and Petrochemicals Corporation, IndusInd Bank, Suven Life Sciences.

The outlook for the day is a soft start and the markets are expected to consolidate further during this truncated week. However, stock-specific volatility will continue as corporate earnings will continue to be on investors' radar. Wipro's results will be in focus today. At the time of writing, SGX Nifty was trading at 11,736.50 almost unchanged.

The private airline, Spicejet, announced on Monday that the company has started new international flights from Mumbai. New international schedule will commence from May-end, the company informed.

The shares of Rail Vikas Nikam Limited (RVNL) soared over 18 per cent in Monday’s trading session. The stock price has been moving northward since last three days.