The level of 11,050 is likely to act as an immediate support level. Any move below this level would open gates for further correction of a minimum 70-100 point. On the way down, the level of 10,863, which is 200-DMA, would act as major support. Stocks in news: Wipro, Future Consumer, Glenmark.

We have seen a lot of studies around the world dictating to invest in passive funds over active funds. Is it worth doing so? Let’s find out.

The board of directors of CRISIL has approved the payment of the second interim dividend for the financial year ending December 31, 2020, of Rs 6 per equity share of the face value of Re 1 each.

The consolidated net sales reported in Q1FY21 came in at Rs 21,259.97 crore, which declined by -28.26 per cent YoY from Rs 29,635.95 crore in Q1FY20. 

The consolidated net sales reported in Q1FY21 came in at Rs 662.7 crore, which increased by 6.33 per cent YoY from Rs 623.24 crore in Q1FY20.

The cable sector is expected to take cues from results as the core fundamentals may have taken hit during the lockdown. Companies such as Finolex Cables and Universal Cables have reported 20 per cent and 10 per cent decline in sales, respectively, for the fourth quarter of the previous fiscal.

The stock has also managed to close above the upper Bollinger band and started the band walk, which is a very bullish sign. Interestingly, the daily RSI has given downward sloping trendline breakout, which is also bullish.

Domestic benchmark indices end their gaining streak as Sensex closed in red at 37,871.52, down by 58.81 58.81 points or 0.16 per cent from its previous close while Nifty dropped by 29.65 points or 0.27 per cent to settle at 11,132.60.

Momentum in the share price can be expected to continue as the buyback is proposed at Rs 1,000 per equity share, which is at 22 per cent premium from its Tuesday closing price.

India’s leading integrated travel services company, Thomas Cook (India) Limited and its Group Company, SOTC Travel Ltd, have partnered with ICMR accredited medical centres pan India, becoming the first travel service providers to offer seamless, end-to-end COVID-negative certification services.