The Nifty faced resistance around the 21-EMA on the daily timeframe, leading to a close off the day’s high. The trend appears bearish unless it decisively moves above 23,000, where significant open interest has been added.
On the downside, support is placed at 22,750; a break below this level could intensify the bearish sentiment. Conversely, a decisive move above 23,000 may trigger a rally towards 23,500, as suggested by the positive divergence in the RSI.
Biocon Biologics announced a settlement and license agreement with Regeneron that clears the way to commercialize Yesafili (aflibercept-jbvf), an interchangeable biosimilar aflibercept, in the United States.
YESAFILI, a vascular endothelial growth factor (VEGF) inhibitor, is used to treat several different types of ophthalmology conditions, is a biosimilar of its reference product EYLEA (aflibercept).
Biocon Biologics and Regeneron executed the settlement agreement to dismiss the pending appeal at the United States Court of Appeals for the Federal Circuit (USCAFC) of patent US11084865 (‘865 patent) and the pending litigation at the U.S. District Court for the Northern District of West Virginia, Clarksburg Division.
This agreement enables the Company to launch in the United States in the second half of calendar year 2026 or earlier in certain circumstances. The terms of the settlement are confidential.
The market mood is likely to remain upbeat in the upcoming session. Below are some trading ideas for the near term….Read More
Ashoka Buildcon Ltd has emerged as the lowest bidder for the Central Railway’s gauge conversion project worth Rs 568.86 crore, excluding GST. The project scope includes the construction of earthwork, major and minor bridges, RUBs, P-Way work, and other civil works along the 53.3-km stretch between Pachora and Jamner, excluding Pachora Yard and road over bridges. The project is expected to be completed in 30 months.
The contract involves setting up a 400/220 KV substation at Nandgaon Peth in Amravati, along with associated transmission lines. The project timeline is 18 months, excluding the monsoon period, the company said.
Revolt Motors has officially began operations in Nepal with the launch of its first dealership in the heart of Kathmandu.
Although tariffs will raise substantial revenue for the United States, this may lead to decreased economic activity and lower consumer purchasing power, said Vipul Bhowar….Read More
Poonawalla Fincorp has expanded its portfolio of secured lending products with the launch of its Gold Loan Business. T
With faster approvals in less than 30 minutes, minimal documentation, and multiple repayment options, customers can unlock the value of their gold without selling it.
Trends on GIFT Nifty indicate a positive start for the broader index in India, with a gain of 277 points or 1.19 percent. The Nifty futures were trading around 23,299.50 level.
Oil prices climbed in early trading on Tuesday, boosted by new tariff exemptions floated by President Donald Trump and a rebound in China crude oil imports in anticipation of tighter Iranian supply.
Brent crude futures gained 27 cents, or 0.42%, to $65.15 per barrel, while U.S. West Texas Intermediate crude rose 26 cents, also 0.42%, to $61.79.
Japanese stocks led gains in Asia while US stock futures edged down as investors continued to evaluate mixed messages on tariffs from the Trump administration.
The dollar was steady on Tuesday but stayed close to the three-year low against the euro and a six-month trough against the yen it hit last week as investors struggled to make sense of the back-and-forth changes on U.S. tariffs.
Still, currency markets were a lot calmer in early Asian hours after last week’s turmoil that badly bruised the dollar despite a surge in Treasury yields, highlighting the shaky investor confidence in the greenback and U.S. assets.
The dollar was 0.27% higher at 143.53 yen but remained close to the six month low of 142.05 it touched on Friday. The euro eased 0.22% to $1.1324 just below the three-year high of $1.1474 hit last week.
According to experts, the 22,900–23,000 zone (20-day and 50-day EMAs) is likely to be the immediate resistance area. If the Nifty 50 surpasses this, it could close the large bearish gap from April 7. Above this level, the 23,200–23,400 zone is expected to act as a crucial hurdle….Read More
An unexpected pause on reciprocal tariffs by the US provided relief in the midst of the uncertainty. Though the IT major’s result missed the street estimates, it opines optimism in the latter half of FY26 owing to growth in the order book.
Any development in the bilateral trade negotiations can alter the near-term outlook on the export-driven sectors.
The supportive domestic environment with an ease in interest rates and a benign inflation trajectory is encouraging investors to have a balanced portfolio to aid in a better risk-reward in the long term