Sensex gains 180 pts, broader indices outperform; Glenmark Pharma soars 27%

All that happened in the markets today

9:28 AM

Glenmark Pharma hits 10% upper circuit

>> Drug firm Glenmark Pharmaceuticals on Saturday said it has launched antiviral drug Favipiravir, under the brand name FabiFlu, for the treatment of patients with mild to moderate Covid-19 at a price of about Rs 103 per tablet.

9:25 AM

Broader market check

9:22 AM

Sectoral trends on NSE at Open

9:20 AM

Sensex Heatmap at Open :: Bajaj Finserv, Bajaj Finance surge 4%

9:18 AM

First Trade

9:16 AM

First Trade

9:06 AM

Top gainers and losers on the S&P BSE Sensex at Pre-open

9:05 AM

Markets at Pre-open

9:04 AM

Markets at Pre-open

9:03 AM

NEWS ALERT :: ICICI Bank sells 1.5% stake in ICICI prudential life for Rs 840 cr, reports CNBC TV18

>> ICICI Bank's stake in ICICI Pru, after selling stake is at approx 51.4

9:00 AM

Fuel price update

8:56 AM

Stocks to watch: Glenmark, Cipla, IT stocks, HDFC, Sudarshan Chemical Ind

HDFC: Mortgage lender HDFC on Friday said its board has approved to raise up to Rs 14,000 crore in tranches through various means.

 

“The committee of directors of the corporation (HDFC) at its meeting held today (Friday), approved seeking approval of members of the corporation through postal ballot for raising of funds not exceeding Rs 14,000 crore,” it said in a regulatory filing.

 

IT stocks: US President Donald Trump said late on Saturday he would announce new restrictions on visas within a couple of days to block the entry of certain foreign workers and protect Americans struggling with a job market devastated by the coronavirus pandemic. READ MORE

8:53 AM

Nifty outlook and stock recommendations by CapitalVia Global Research

Market traded with positive sentiments on Friday, advancing on firm global cues and short covering move. Nifty closed above 10,000 on weekly basis, which shows confidence in bulls for the next week due to monthly expiry for June series. Nifty managed to close at 10,244.40 adding 152.70 points. Reality, PSU banks and Media stocks closed with positive note, but technology and metal stocks closed in red mark. Nifty bank closed at 21,338.10 adding 381.80 points from the previous day’s closing. READ MORE

8:50 AM

Stock picks by Vaishali Parekh of Prabhudas Lilladher

BUY ABB LTD | CMP: Rs 813 | Target: Rs 900-920 | Stop Loss: Rs 760

 

The stock has made a higher bottom formation pattern taking support near 776 levels and has picked up with momentum to improve the bias. The RSI is also indicating a trend reversal and is on the rise to anticipate further upward movement in the coming days. We suggest to buy and accumulate the stock for an upside positional target of Rs 900-920, keeping the stop loss near Rs 760. READ MORE

8:48 AM

Nifty base shifts higher at 10,000: Sameet Chavan of Angel Broking

Trading for the last week started with a downside gap on Monday as the second wave of coronavirus started haunting market participants across the globe. The sell-off extended to test the sub-9,750 levels. Somehow, we stabilized from this global negativity, but all of a sudden, on Tuesday, the news came out of a clash at the India-China border. READ MORE