The stock of Multi Commodity Exchange of India Ltd (MCX) has given a downward sloping trendline breakout, formed by connecting swing highs from February 2020.

On Monday, the stock has given a neckline breakout of a double bottom pattern. This breakout is confirmed above the 50-day average volume. Additionally, the stock formed a sizeable bullish candle on the breakout day, which adds strength to the breakout.

Sensex rallied by 398.85 points or 1.08 per cent on Monday to close at 37,418.99 while Nifty gained by 120.50 points or 1.11 per cent to settle at 11,022.20.

In a situation such as COVID-19, where diversification is a major key, multi-asset allocation serves this purpose to a great extent. In this article, we will find out which is the best multi-asset allocation fund.

Infosys Limited announced that the company has entered into a strategic long-term partnership with Lanxess, a leading speciality chemicals company, headquartered in Germany. Reacting to this news, the stock of Infosys Ltd jumped 4.31 per cent at 3.30 pm on Monday.

Indian multinational information and outsourcing company, Mindtree on Monday, announced that it has been commissioned by Husqvarna Group to provide DevOps-centric SAP services to help drive the company’s digital transformation initiatives.

At EBITDA level, the company stood at Rs 2.08 crore in Q1FY21 that decreased by 3.26 per cent YoY.

The export order is over 1,45,000 wheels from US Caravan Trailer, which will execute from its Chennai plant. 

India Ratings and Research (Ind-Ra) in its latest report stated that the government's fiscal deficit is estimated to touch 7.6 per cent in FY21, more than double the Budget Estimate (BE), as the nation spends extra to lessen the impact of the COVID-19 pandemic while facing a shortfall in incomes

The market opened in the green on July 20, 2020.