Sun Pharma Advanced would now have the right to license Biomodifying s intellectual property, including all its patents and patent application along with antibodies, including that for cancer ailment.
Mazhar Mohammad of Chartviewindia.in said unless Nifty50 bridges Friday s bearish gap zone of 16,509-16,535 level, the trajectory of the market shall remain on the downside.
Broader market stocks also remained under pressure. Despite the volatile moves, the volatility index fell by nearly 4 per cent, indicating that traders are not panicked with the profit booking.
The broader market continued to lose momentum as most small and midcap indices closed in the red. The volatility indicator also jumped as traders were on their toes.
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