After opening the session on an optimistic note, Nifty lost some of its sheen mid-way and traded in a range-bound manner in the second half of the trading session to finally end the session marginally higher. The price action formed a small body negative candle, which is indicating breather at higher levels. Going ahead, the zone of 11,400-11,430 is likely to act as a resistance for the Nifty. On the downside, the levels of 11,300, followed by 11,230, are likely to act as strong supports for the index. The RSI on the daily chart has witnessed a negative divergence, i.e. Nifty continued to mark a new 14-period high, while the RSI has not done so.
Sun Pharmaceutical Industries: The company has launched Kapspargo Sprinkle (metoprolol succinate) capsules in the US for the treatment of hypertension (to lower blood pressure), angina pectoris (chest pain), and heart failure (to reduce the risk of cardiovascular mortality and heart failure hospitalization in patients with heart failure). This will put the stock in focus on Tuesday.
Arvind Limited : The company has reported a 13.32 percent increase in its consolidated net profit at Rs 64.31 crore for Q1FY19 as against Rs 56.75 crore for the same quarter in the previous year. The stock would be watched on Tuesday due to the results.
Britannia Industries: The company posted a 19 percent growth in its net profit at Rs 258 crore for the Q1FY19 compared to Rs 216 crore for the Q1FY18. The results of the company will most likely keep the stock in focus on Tuesday.
Kridhan Infra: The company has announced to the bourses that its associate company Vijay Nirman Company Private Limited ('VNC') has bagged a new project worth Rs 132.6 crore. Kridhan infra's stocks will be in the limelight on Tuesday.
Sanofi India: The company has launched ‘once daily’ tablet Aubagio in India used for the treatment of relapsing forms of multiple sclerosis.The company's specialty care global business unit Sanofi Genzyme has launched the product. The shares of the company will be watched on Tuesday's trading session.
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