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USFDA has successfully completed an inspection at Anuh Pharma’s facility. Reacting to this news, the shares of the company climbed nearly 14 per cent intraday on Friday.

Strides Pharma Science’s board has approved an additional investment up to a maximum of US$ 40 million over a period of 24 months for a controlling stake in Stelis Biopharma (Stelis). Reacting to this development, shares of the company clocked an intraday gain of over 3 per cent on Friday.

In one of the boldest move, the Finance Minister Nirmala Sitharaman has announced cut in corporate tax rates. It has helped the equity market to register one of the highest single-day gain in last 10 years; however, it has other side too.

Following stocks are close to their 52-weeks low as at 12:28 p.m. on September 20, 2019.

The markets reacted positively to all the announcements made by Finance Minister on Friday as the indices surge by more than 5 per cent intra-day. The tax rate cuts for the corporates are expected to be extremely positive for the economy and hence, will give a much needed boost to the markets.