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The said acquisition would help IPCA Lab to further strengthen its API business by adding new molecules in its products basket. In the recent quarter Q3FY19, the API revenue stood at Rs. 230.03 crore contributing nearly 25 per cent to the total revenue.

Glenmark Pharma, a research-led, integrated global pharmaceutical company has received approval from the Ministry of Healthcare, Russia to market Momate Rhino ( Mometasone Furoate 50mcg) metered nasal spray as an over-the-counter (OTC) product for the treatment of seasonal and perennial allergic rhinitis in patients above 18 years of age.

Overall volumes in futures & options currently stand at 2.11 crore contracts with a turnover of Rs. 14,23,405.23 crore.

Overall volumes in futures & options currently stand at 2.11 crore contracts with a turnover of Rs. 14,23,405.23 crore.

We expect the upward momentum to continue, while on the upside, Nifty might face resistance around the 11,760 level. However, sustaining above the level of 11,760 will set the stage for reclaiming the all-time high level of 11,856. On the downside, immediate support is seen around the level of 11,630, which happens to be the 20-day moving average. Stocks in news: Oriental Hotels, Bank of Maharashtra, IPCA Laboratories, SBI, FDC, Jet Airways, L&T.