Suven Life Sciences announced grant of product patents in New Zealand and Sri Lanka which are valid through 2034 and 2031, respectively. The stock of Suven surged more than 2 per cent after bouncing back from 50 per cent retracement in the previous session.

Tata Power Solar, the wholly-owned subsidiary of Tata Power and the largest solar company in India, has launched an extensive rooftop solution in Mumbai. With this solution, customers would be able to save up to Rs 50,000 annually for the next 25 years.

A flagship of TVS Group, the two/three wheeler major, TVS Motors released sales report for its premium brand TVS Apache on Monday. TVS Apache which is one of the fastest growing motorcycle brands has achieved 3 million sales milestone. The stock of TVS recovered from 1.3 per cent loss and is trading flat from the previous close at 14:54 hours.

Hi-Tech Pipes announced the installation of 400 KW grid-connected solar power plant. This rooftop solar project will be conducted at its Hindupur facilities, Andhra Pradesh. The stock of Hi-Tech Pipes is trading up gaining 4.1 per cent at 13:58 hours, despite weakness in the markets.

Major indices have witnessed bloodbath from the start of this week. For the third consecutive day on Wednesday, the indices have shed considerable gains. Where the benchmark indices Nifty and Sensex tumbled more than 3 per cent, BSE Midcap index underperformed by plunging nearly 5.5 per cent.

Reliance Infrastructure (Relinfra) announced the payment of all outstanding electricity duty and other taxes amounting to Rs. 2,640 crore payable to the Maharashtra government. Stock retreated in the second half of Monday’s session after rallying for 5 consecutive trading days and a half-day today, breaching previous day’s high.

Piramal Enterprises dropped more than 3 per cent after Citi maintained a Neutral stance on the stock. The recent correction coupled with rising volumes and 14-period RSI negative crossover in the overbought zone could be a pullback or a profit booking at peak levels.

KEC Internationalhas won new orders for a consideration of Rs. 1,010 crore. The stock of KEC International witnessed volatile trade where it hit a high and low of 2 per cent and 1.2 per cent, respectively and ultimately closed flat.

Vedanta, had proposed entry into the 41 revenue sharing government contracts. Accordingly, the company is bestowed upon 41 exploration blocks in India with a total bid cost of US$ 551 million. The stock of Vedanta opened with a gap-up of nearly Rs. 3 and surged as much as 3.4 per cent in intraday trade.

PSU Bank sector is leading with 2.9 per cent gains which has lifted the markets to trade in green.  Downward sloping trendline breakout with rising volumes and 14-period RSI positive crossover at 60 suggest some more upside in near term.