DSIJ Mindshare

The company has received a letter from the USFDA classifying the inspection conducted at its Pithampur (Indore) Unit-2 facility in January 2019 as Official Action Indicated (OAI). The USFDA has stated that this facility may be subject to regulatory or administrative action and it may withhold approval of any pending applications or supplements in which this facility is listed.

Overall volumes in futures & options currently stand at 1.77 crore contracts with a turnover of Rs. 11,89,019.33 crore.

Overall volumes in futures & options currently stand at 1.77 crore contracts with a turnover of Rs. 11,89,019.33 crore.

The zone of 11,540-11,550 is a crucial level to watch out as 11,549 is the current month's lowest level and the 23.6 per cent retracement for the upmove leg from the low of 10,585-11,856 is placed at 11,556. In case Nifty falls below 11,550-11,540 zone, it may witness some more weakness towards 11,440 and 11,380 levels. On the upside, the 20-day moving average placed at 11,613 is likely to act as an immediate resistance, followed by 11,645. Stocks in news: Lupin, NBCC, Tata Power, Tata Global Beverages, SML Isuzu, Tiger Logistics, Maruti Suzuki India, NIIT Technologies, Infosys.

Judging by trends in worldwide stocks markets and early action at SGX Nifty, it appears that domestic benchmark indices will make a happy start. At the time of writing, SGX Nifty was trading higher by 37 points at 11,631 level.  Hexaware, Indiabulls Housing Finance, ICICI Pru Life, M&M Fin, Tata Elxsi and Ultratech Cement are some of the key companies announcing their earnings numbers today.