Markets ended close to record highs as Sensex gained by 154.45 points or by 0.34 per cent to settle at 46,253.46 levels while Nifty rose by 44.30 points or 0.33 per cent to close at 13,558.15 levels.

Franklin India Focused Equity fund is a focussed multi-cap fund offering from Franklin Templeton AMC India. Read on to find out more.

Cipla has settled its patent litigation with Celgene over the blockbuster cancer drug Revlimid. Celgene Corporation, a subsidiary of Bristol Myers Squibb, has agreed to provide Cipla with a licence to Celgene’s required patents. Cipla can then sell or manufacture certain volume-limited amounts of generic Lenalidomide in the United States sometime after March 2022.

United Phosphorus Limited (UPL) has denied news relating to the forensic audit initiation by SEBI in respect to the whistleblower complaint raised against the company.

The market opened in green on December 14, 2020.

The market opened in green on December 14, 2020, overall volumes in futures & options currently stand at 2,09,10,961 contracts with a turnover of Rs. 18,01,927.52 crore.

The market opened in green on December 14, 2020, overall volumes in futures & options currently stand at 2,09,10,961 contracts with a turnover of Rs. 18,01,927.52 crore.

A subsidiary of Biocon Limited i.e. Biocon Biologics and Mylan, a subsidiary of Viatris Inc., have received a positive opinion from European Medicines Agency's committee for medicinal products for human use (CHMP), recommending approval of the market authorisation of Kixelle, a biosimilar Insulin Aspart, which is rapid-acting insulin for the treatment of type 1 and 2 diabetes.

KEC International Ltd, a flagship company of RPG Enterprises, informed that it has received new orders worth Rs 1,438 crore. This order is divided into various businesses namely railways, civil, transmission & distribution as well as cables.

United States Food & Drug Administration (USFDA) has issued the first emergency use authorisation (EUA) as a vaccine for COVID-19.

UPL: UPL has denied a report appearing in certain sections of the media that SEBI has initiated a forensic audit with respect to the whistle-blower complaint. UPL is asking SEBI to inquire about this and similar malicious reporting in the last few months.

In the last week, volatility was witnessed on the Indian shores, especially in the last trading session of the week as the market swung both ways before settling the day with modest gains. The extinct bears had attempted all tricks in the books to make a comeback but all efforts were in vain as the mighty bulls were backed by the strong liquidity gush by FIIs.

Going ahead, the opening on Monday and the price action thereafter is crucial to watch out for as sustaining & closing below 13,400 would be a breach of the rising trendline on the 75-minutes chart and long-legged Doji gets a confirmation. Hence, for Monday, 13,400 would be crucial for the bulls as a close below this would let the bears put a foot into the door.

The shares of Indian Hume Pipe Company Ltd were trading up by 4 per cent on Friday after the company informed the bourses that it has bagged a Rs 550 crore order in Uttar Pradesh, India.

The stock of Shipping Corporation of India Limited has given a downward sloping trendline breakout as of November 26, 2020, and thereafter, witnessed a nearly 63 per cent upward move in just 11 trading sessions. However, on Friday, the stock formed a reversal dark cloud cover candlestick pattern, which signals a possible trend reversal.

The stock's relative strength index (RSI) has reached its highest value in the last 14 weeks, which is bullish. It has also managed to close above the 60 mark after a span of almost seven months.

Pharma major, Alembic Pharmaceuticals Limited informed the exchanges on Friday that it has received approval from United States Food & Drug Administration (USFDA) for its abbreviated new drug application (ANDA) Asenapine sublingual tablets, 5 mg & 10 mg.

BSE, India’s premier and most diversified exchange and the world’s fastest Stock Exchange has launched an electronic spot platform for agricultural commodities - “BSE E-Agricultural Markets Ltd. (BEAM)” - through its subsidiary BSE Investments Ltd.

The company received LOA for pipe drinking water schemes from Namami Gange & Rural Water Supply Department in the state of Uttar Pradesh. 

PNC Infratech Limited, in a joint venture with SPML Infra Limited, announced on Thursday after the market hours that it has received a letter of acceptance (LOA) for an EPC project.

The market opened in green on December 11, 2020.

The market opened in green on December 11, 2020, overall volumes in futures & options currently stand at 7,00,40,385 contracts with a turnover of Rs. 58,52,495.97 crore.

The market opened in green on December 11, 2020, overall volumes in futures & options currently stand at 7,00,40,385 contracts with a turnover of Rs. 58,52,495.97 crore.

PNC Infratech: The company has been a receipt of the letter of acceptance (LOA) for an EPC project, namely 'Survey, Design, Preparation of DPR, Construction as well as the commissioning and O&M for 10 years of Rural Water Supply Project in 952 villages in Devipatan Division of Uttar Pradesh for an approximate value of Rs 952.0 crore.

Friday is a new day and the bulls are expected to start with fresh energy. SGX Nifty is indicating a positive start as it was trading up by 10 points at 13,534 levels. However, we believe that consolidation could be the theme of the day with stock-specific movement, as markets in the recent past have run up too much, too fast; so, a healthy consolidation is likely to take place and it may continue its rally post a required consolidation. 

In the coming sessions, we could see a sideways action and during this sideways action, the level of 13,370-13,400 is likely to act as immediate support. On the upside, the level of 13,550 is likely to act as a resistance level.

The promoter plans to sell 2,40,00,000 equity shares of the company with an option to additionally sell 80,00,000 shares. The company has set a floor price of Rs 1,367 per share for the sale.

L&T Technology Services Limited, a leader in global pure-play engineering services, announced on Thursday that it has been selected by a global oil & gas major to be the primary engineering partner.

Equitas Small Finance has launched a three-in-one account (savings+trading+demat), which will be a convenient option for the customers to keep their banking & financial investments under one roof.

The Fund of Funds (FoF) scheme will predominantly invest in the units of ETFs/Index Funds of Nippon India Mutual Fund.

Snapping their gaining streak, the domestic benchmark indices ended Thursday’s trading session in negative territory. Sensex closed down by 143.62 points or by 0.31 per cent at 45,959.88 per cent while Nifty ended at 13,478.30 levels, down by 50.80 points or 0.38 per cent.

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The shares of Maruti Suzuki were trading up by almost 1 per cent as the markets were trading in the red on Thursday after the auto major decided to increase prices across its model range from January 2021.

The market opened in red on December 10, 2020, overall volumes in futures & options currently stand at 3,04,63,383 contracts with a turnover of Rs. 26,16,664.62 crore.

The market opened in red on December 10, 2020, overall volumes in futures & options currently stand at 3,04,63,383 contracts with a turnover of Rs. 26,16,664.62 crore.

The market opened in red on December 10, 2020.

Maruti Suzuki India: Over the past year, the cost of company's vehicles has been impacted adversely due to increase in various input costs. Hence, it has become imperative for the company to pass on some impact of the above additional cost to customers through a price increase in January 2021. Eveready Industries: The company has denied reports of Dabur promoters to buy a controlling stake in Eveready.

On Thursday, the bulls are likely to take a pause as the global cues are negative and SGX Nifty is indicating a fall of 58 points at the opening bell in Nifty. It would be interesting to see whether the market participants grab this initial dip as a buying opportunity like they have done in recent times and would the foreign portfolio investors also latch on to this opportunity and keep markets afloat or not. We do believe this dip will have takers as long as Nifty sustains above the 13,400 mark.

The gap-area of Wednesday (13,435-13,449) is likely to act as an important level for the index. On the upside, sustaining above Wednesday’s high of 13,550 could lead the index towards the level of 13,700, where the next resistance is likely to be seen.

The India International Exchange (IFSC) Limited (India INX), India’s first international exchange based in the International Financial Services Centre (IFSC) at Gujarat International Finance Tec-City (GIFT City) witnessed an all-time high trading turnover of over USD 11.71 billion (Rs 86,199 crores approx.) on its derivative segment in daily trading turnover on December 09, 2020, with a market share of over 74 per cent in GIFT IFSC.

BSE StAR MF has achieved a positive net equity inflow of Rs 370 crore for the month of November 2020. On the contrary, the industry experienced an outflow of Rs 12,917 crore during the same month.

The stock of Zensar Technologies Limited has formed a hammer candlestick pattern as on the weekend of March 27, 2020, and thereafter, marked the sequence of higher tops & higher bottoms. The stock gained more than 308 per cent from its 52-week lows and has also given over 49 per cent returns from year-to-date.

The pattern occurs when bears overtake the bulls during three consecutive trading sessions. On the pricing chart, the pattern showcases three bearish long body candles with short or no shadows. This pattern usually indicates a weakness in an established uptrend as well as the potential emergence of a downtrend.

ICICI Prudential Life Insurance and RBL Bank have entered into a bancassurance partnership to offer life insurance products to the bank’s customers.

Intellect Design Arena, a global leader in financial technology across banking & insurance announced on Wednesday that it has appointed CreditorWatch, a commercial credit reporting bureau, to deliver commercial data & insights on sole traders to Australian Securities Exchange (ASX) listed public companies.

On Wednesday, the markets continued their bull run as Sensex closed at 46,103.50 levels, up by 494.99 points or 1.09 per cent while, Nifty gained 136.15 points or 1.02 per cent to settle at 13,529.10 levels.

Firstsource Solutions and Celonis today announced a strategic partnership that will enable businesses to quickly identify & eliminate process constraints, drive agility, and optimise outcomes.

Equity mutual funds continued to witness outflows even in November 2020. Read on to find out more.

TCS, a leading global IT service, consulting & business solutions organisation, has launched a new product called TCS Clever Energy^TM.

The market opened in green on December 09, 2020, overall volumes in futures & options currently stand at 2,64,68,335 contracts with a turnover of Rs. 22,80,190.75 crore.

Vascon Engineers Limited announced on Tuesday after the market hours that it has received a work order amounting to Rs 37.74 crore from Transcon-Sheth Creators Private Limited for the construction of composite sale building no. 3 Rehab in Malad (Mumbai).

The market opened in green on December 09, 2020.

The market opened in green on December 09, 2020, overall volumes in futures & options currently stand at 2,64,68,335 contracts with a turnover of Rs. 22,80,190.75 crore.

The company will manufacture Dexmedetomidine Hydrochloride in 0.9 per cent Sodium Chloride injection, in the strengths of 200 µg/50 ml and 400 µg/100 ml single doses in flexible containers (bags). The injection is said to launch in January 2021.

JSW Steel: The crude steel production for the month of November 2020 was at 13.32 lakh tonnes, showing a growth of 3 per cent YoY. The average capacity utilisation was 89 per cent during the month of November 2020. The shortage of iron ore remained a constraint in November 2020 to achieve higher capacity utilisation.

The unabated journey continued for the Indian markets on Tuesday as well with both the indices, Sensex & Nifty logging fresh record highs. However, it was a tough row to hoe for the bulls as extinct bears fought their heart to gain supremacy but all in vain as the recovery in the second half of the trading session once again provided an advantage to the bulls.

On the upside, the resistance is placed around 13,435, followed by 13,535 levels. On the downside, support is seen around the 13,300 mark. As long as it trades above the 13,300 mark, buy-on-dips would be a prudent strategy.

The stock of Mphasis Limited has been picked up by our Bollinger Band Squeeze scanner, which suggests that the stock is near a consolidation breakout.

This is an extremely rare pattern and usually occurs at the top of an uptrend. Generally, we rely on the typical momentum indicators or oscillators for recognising an overbought and oversold condition of the stock. However, this Japanese candlestick pattern gives us a unique way to recognise the time when the momentum is about to wane out.

On Tuesday, Sensex gained by 181.54 points or by 0.40 per cent to close at 45,608.51 levels while Nifty was up by 37.20 points or by 0.28 per cent and settled at 13,392.95 levels.

TVS Srichakra Limited announced its planned capital expenditure today of Rs 1,000 crore to ramp-up manufacturing in two of its plants in Madurai (Tamil Nadu) and Pantnagar (Uttarakhand).

Indoco Remedies announced today about winning major tenders in Germany, including AOK for Allopurinol tablets. This is the first time that the company would be launching its own label product in Europe.

Canara Bank Ltd, one of the largest public sector banks in India, is set to raise Rs 2,000 crore by way of qualified institutional placement (QIP). Reacting to the news, its stock gained 8 per cent on Tuesday.

HDFC bank has recently moved into a correction. So, is this correction journey likely to continue? Let’s find out.

The market opened in green on December 08, 2020.

The market opened in green on December 08, 2020, overall volumes in futures & options currently stand at 2,17,09,777 contracts with a turnover of Rs. 18,23,826.19 crore.

The market opened in green on December 08, 2020, overall volumes in futures & options currently stand at 2,17,09,777 contracts with a turnover of Rs. 18,23,826.19 crore.

Bengaluru is a key market for the company and the project would help the company to deepen its presence across the country's leading real estate markets.

The shares of Goodyear India Ltd surged around 13.62 per cent after the company’s board of directors declared an interim dividend at its meeting held on Monday.

Titan: Favre Leuba AG (FLAG), a wholly-owned subsidiary of Titan, was incorporated in the year 2012. The board of Titan has decided to request the management of FLAG to scale down the operations of the company substantially with immediate effect so that further, the investments from Titan to FLAG cease as early as possible.

The bulls seemed to be blessed by the Almighty and believe that nothing can go wrong with them. The Indian markets were staring at a murky opening on Monday as the cues from the global markets were shabby and fragile.

There is a resistance placed in the region of 13,400-13,420, which is defined by the upper channel line of the ascending channel on the 60-minutes chart. We think that the bulls may take a pause around this level before reaching their destination of 13,534.

Kotak AMC launches India's first international REIT fund of funds. Read on to find out who should invest in this NFO.

Currently, the stock has given a 38-days consolidation breakout. Further, the breakout is supported by a robust volume of more than double of 50-days’ average volume, indicating strong buying interest by the market participants.

Indian global IT solutions & services company, Larsen & Toubro Infotech Limited announced its strategic partnership with Injazat, a UAE-based market leader in digital transformation, cloud & cybersecurity.

The construction engineering company, L&T has received an order to supply 90 units of Komatsu mining equipment to various companies in sectors such as coal, cement & iron ore.

Along with this trendline breakout, the stock has also managed to close above the upper Bollinger band and started band walk, which is a very bullish sign. Currently, the stock is trading above its short and long-term moving averages.

Mirae Asset Healthcare Fund is a sectoral (pharma) offering from Mirae Asset Mutual Fund. Read on to find out more about its performance post launching.

The stock of Sequent Scientific Limited has given a cup & handle pattern breakout on the daily timeframe. This breakout is supported by robust volumes. The length of the cup with handle pattern was 42 trading sessions while the depth of the pattern was nearly 19 per cent.

On Monday, the domestic benchmark indices remained volatile. Sensex closed at 45,426.97 levels, up by 0.77 per cent or 347.42 points. Nifty gained by 97.20 points or 0.73 per cent to settle at 13,355.75 levels, close to its record high of 13,366.65 levels.

The market opened in green on December 07, 2020, overall volumes in futures & options currently stand at 2,17,88,690 contracts with a turnover of Rs. 18,03,469.56 crore.

The market opened in green on December 07, 2020.

The market opened in green on December 07, 2020, overall volumes in futures & options currently stand at 2,17,88,690 contracts with a turnover of Rs. 18,03,469.56 crore.

On Monday, Sensex was up by more than 200 points at 45,306.01 levels. BSE Small-Cap index gained 1.34 per cent while BSE Mid-Cap index rose by 0.83 per cent.

In phase 1 clinical trial, the company will study the safety, tolerability, pharmacokinetics, and pharmacodynamics of ZYIL1 in healthy human volunteers.

BDL: Indian Air Force, last week, successfully test-fired Akash Missiles. Designed & developed by DRDO, Akash is one of the most successful and indigenously made missiles inducted into the Indian Army as well as the Air Force. Bharat Dynamics Limited (BDL) is the manufacturer of the missile.

SGX Nifty indicates that the markets may face some turbulence on Monday morning as it is trading down by 45 points at 13,281 levels. This is mainly due to negative cues prevailing in the Asian indices. The market participants would like to grab this opportunity and prefer to buy in dips as the major trend of the market remains completely in the favour of the bulls.

In the past, we have seen a tight range breakout resulting in a sharp movement on the upside; hence, we expect this breakout could lead the index towards the targets of 13,534, which is a 161.8 per cent extension of the previous swing.

Axis Mutual Fund has launched Axis Special Situations Fund, an open-ended equity scheme predominantly investing in disputative companies.  Read on to know more.

New Fund Offers (NFO) that are open for subscription.

Considering the daily timeframe, the stock has given a pennant pattern breakout. This breakout was confirmed by the robust volumes. The height of the pennant’s pole is almost 125 points. A pennant is a short-term trend continuation pattern and the breakout above the downward sloping trendline signals that the previous uptrend has resumed.

Tata Power today announced that it has received a letter of intent (LOI) from Odisha Electricity Regulatory Commission (OERC) for the distribution & retail supply of electricity in Odisha’s five circles of the western part (WESCO) and six circles of the southern part (SOUTHCO). Tata Power has received this licence of distribution for a period of 25 years.

RBI has kept the key policy rates unchanged. What does this mean for the debt mutual fund investors? Let’s find out.