Indian equity markets nosedived on Monday and closed at one month low. But as Doug Kass says often, the markets have no memory from day to day. The market participants are likely to catch by surprise as SGX Nifty is indicating a strong opening this morning and helping this cause are also the firm global cues after Moderna reported that its experimental trial of COVID-19 vaccine showed promising results.

Domestic benchmark indices have begun the week on a negative note as Sensex fell by 1,068.75 points, which is 3.44 per cent lower than its previous close to be at the level of 30,028.98. Nifty closed down by 313.60 points, which is 3.43 per cent lower than its previous close to settle at 8,823.25 level.

The stock of Bata India Limited has given a breakdown of rising wedge pattern on the daily time frame. This breakdown was confirmed by the above 50-day average volume.

Tata Steel Limited was picked by our Bollinger Band squeeze scanner, which suggests that the stock is near a consolidation breakout.

PAT for the quarter came in at Rs 32.6 crore as against Rs 47.4 crore in the corresponding quarter last year, with YoY decline of 31.2 per cent.

On Monday, Praj Industries and Sekab E-Technology AB (Sweden) signed a cooperation agreement to upgrade and commercialise base technology for producing advanced biofuels and biochemicals from forest residue as feedstock.

With the pandemic still very well holding itself, we can see lockdowns are getting more lenient to let the economy have another start. So, here are a few things that you need to remember at such times.

The stock of Canara Bank slumped more than seven per cent on the bourses today after the bank announced that it has launched a special business vertical dedicated for gold loans with low interest, in order to provide hassle-free credit to its customers.

The market opened in the green on May 18, 2020. The previous trading session witnessed the Sensex down  by 25.16 points to end at 31,097.73 and the Nifty was down 5.9 points to close at 9,136.85.
 

The market opened in the green on May 18, 2020. The previous trading session witnessed the Sensex down  by 25.16 points to end at 31,097.73 and the Nifty was down 5.9 points to close at 9,136.85.