DSIJ Mindshare

The Wednesday’s high of 11055 is critical for the bulls to continue the rally. If it is unable to surpass this level, then there are chances of entering into a corrective to sideways phase where 10,980 is likely to act as a support level. Any close below 10,980 will lead to a fall up to the level of 10,800. Stocks in news: Datamatics Global Services, Walchandnagar Industries, Kridhan Infra, Alkem Laboratories, SBI Life Insurance.

At the time of writing, the SGX Nifty was up by 34 points trading at 11,071 level.

Pharmaceutical company Sanofi informed the bourses that the Board of Directors of Sanofi india Limited (SIL) has approved slump sales and transfer of its manufacturing facility at Ankleshwar, Gujarat to Zentiva for Rs. 261.7 crore.

JSW Steel has reported Crude Steel production at 12.53 lakh tonnes (LT) for August 2019, registering a fall of 13 per cent over corresponding month of previous year.

US-based private equity firm Advent International Corporation has made an open offer to acquire 26 per cent share of DFM Foods for an offer price of Rs. 249.50 per equity share. Reacting to this, the stock of DFM Foods fell by almost 8 per cent on BSE.