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The Sebi letter sent to the company on June 24, 2022 pertains to disclosures made by APL related to Official Action Indicated (OAI) and warning letter issued to it by the USFDA following inspection carried out in August 2021 on the Unit I, an API (active pharmaceutical ingredients) manufacturing facility in Hyderabad.

"To regain some strength, the bulls need a close at least above its 20-day SMA, whose value is placed around 15,984 levels. In such a scenario strength can further expand towards the 16,172 level.

“While shorts make money faster compared to longs because markets tend to fall faster than they go up. But bounce backs like these after a fall makes it really hard to book profits on time or continue holding shorts,” Kamath, who runs India’s largest stock broking platform, tweeted.

The Dow Jones Industrial Average rose 32.92 points, or 0.10%, at the open to 31,533.60.

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At the interbank forex market, the local unit opened sharply higher at 78.24 against the greenback, but paired all of its initial gains to settle at 78.34. It witnessed an intra-day high of 78.24 and a low of 78.36.In the previous session, the rupee had settled at 78.33 against the greenback.

"The indigenisation list has come out and the first set of beneficiaries will be the defence PSUs because they are the platform integrators and this will be followed by the component and subsystem makers which are largely small and midcap private defence companies. We like Bharat Dynamics, Hindustan Aeronautics and GRSC followed by Bharat Electronics in the defence PSU space and within the private space we like Data Patterns. ”

“The key markets for branded pharma besides India are Russia, China, Brazil and recently we are also working and developing Europe, primarily Germany. Then there is a very important B2B hospital play which includes biosimilars. It will be complimentary but if you wish to leverage that, we are selling to the countries I mentioned,.” says Erez Israeli

Bitcoin (BTC) was comfortably holding around the $21,500 mark on Monday. The crypto behemoth rose about 4 per cent in the last 24 hours to scale $21,780 levels, according to the data from coingecko. The total market capitalization of Bitcoin surged over $407 billion, with a dominance close to 41 per cent. Bitcoins worth more than $16.5 billion exchanging hands in the last 24 hours.

Silver also gained Rs 781 to Rs 60,231 per kg from Rs 59,450 per kg in the previous trade.In the international market, gold was trading higher at USD 1,839 per ounce and silver was flat at USD 21.45 per ounce.