DSIJ Mindshare

Strides Pharma announced that it is re-launching Ranitidine tablets for the US market. 

Every Raymond shareholder will get shares of the new company in the ratio of 1:1. The move aims at creating a clear demarcation between Lifestyle and other businesses of the company, leading to a simplification of the Group structure.

In the last trading session, the Nifty finally managed to close above the important psychological 12,000 mark. Even though it scaled higher, it looks exhausted, which is clearly evident from the number of indecisive candles, it formed in recent times. This indicates that, rather than positive triggers, the market is waiting for a negative one to cool off.

Hold the long positions as long as the previous day's low is protected. Bear in mind that the sell opportunities will come only below 11,800 levels. Till then, it will be better if you avoid short positions and adopt buy on dips strategy as long as 11,800 is intact. Stocks in news: Reliance Industries, Federal Mogul, Bajaj Finance, Raymond.

PNB Housing Finance, a premier housing finance company in India, has raised Rs. 2,500 crores through the issue of secured redeemable nonconvertible debentures (NCDs).