The market opened in red on October 14, 2020.

The market opened in red October 14, 2020, overall volumes in futures & options currently stand at 2,14,82,205 contracts with a turnover of Rs. 15,48,921.92 crore.

The market opened in red October 14, 2020, overall volumes in futures & options currently stand at 2,14,82,205 contracts with a turnover of Rs. 15,48,921.92 crore.

SBI Cards & Payment Services (SBI Card) today gained nearly 4 per cent intraday soon after the festive sale began. In line with the changing shopping trends, the consumers will be given discounts as well as cashback offers, across a host of brands.

A break below the level of 11,889 would open up the gate for a correction towards the levels of 11,805-11,790 while, on the upside, a break above the level of 11,988 would open up for further upmove towards 12,040-12,120.

The fierce bulls are on a rampage as they recorded gains for the ninth consecutive day on Tuesday. It seems that there would be a full stop to this merry ride of the bulls as they faced a googly ball from the IMF after they predicted that India’s GDP for 2020-21 may contract 10.3 per cent from an earlier estimate of 4.5 per cent.

On Tuesday, as the domestic markets witnessed a volatile trading session, the benchmark indices barely settled with gains. Sensex closed up by a mere 0.08 per cent or 31.71 points at 40,625.51 levels while Nifty ended flat with a positive bias, gaining by only 0.03 per cent or 3.55 points to settle at 11,934.50 levels.

Considering the daily timeframe, the stock of L&T Technology Services (LTTS) has given a downward sloping trendline breakout, formed by connecting swing highs since May 2019. Further, the breakout is supported by a robust volume of more than 10 times of 50-day average volume, indicating a strong buying interest by the market participants.

On Tuesday, the domestic markets continued to remain volatile and subdued. In spite of this, a number of stocks made fresh 52-week highs, led by investors’ confidence. Stocks such as Cipla, JK Cement, Mindtree, JSL, etc. were trending.

The company confirmed the export orders of nearly 38,000 wheels for the US & EU markets. The wheels, which will be manufactured at Dappar (Punjab) & Chennai (Tamil Nadu) plant, are said to be executed in the months of December & January.