On Tuesday, movement in Indian markets was almost a replica of Monday’s trading session as they saw a considerable deterioration from high point of the day. The only dissimilarity was that on Monday markets ended with modest gains, whereas on Tuesday they registered losses of over one per cent.

Traders would keep an eye on 9,944 level as this is a key short-term support for the index and breach of this level would mean that there is a further room for correction. Stocks in news: Garden Reach Shipbuilders & Engineers, Wipro, Cupid.

Considering the daily timeframe, the stock has formed ‘three outside down candlestick pattern’, which is representing the confirmation of bearish engulfing pattern and can only show the success of the forecast of appropriate engulfing pattern.

The stock of Advanced Enzyme Technologies Limited has given a downward sloping trendline breakout formed by connecting swing highs from January 2020. The breakout was supported by robust volumes.

In today's trading session, domestic indices dropped substantially as Sensex dipped by 413.89 points or 1.20 per cent to settle at 33,956.69 while Nifty succeeded in staying above 10K level despite strong profit booking by investors, thereby closing at 10,046.65 which is 120.80 points or 1.19 per cent lower than its previous close.

On Tuesday, state-owned company Bharat Heavy Electricals Limited (BHEL) informed the bourses that it successfully commissioned a 270MW thermal unit at the 4x270 MW Bhadradri thermal power project at Manuguru in Bhadradri Kothagudem district of Telangana.

Affle Limited informed the bourses about the signing of definitive contracts to acquire full control of Appnext, Singapore as well as 100 per cent IP of Appnext app discovery and recommendation platform. This process will be conducted step-by-step wherein the company will first acquire one-third equity ownership in Appnext and eventually, upon attainment of mutually agreed growth targets, will acquire 100 per cent equity ownership.

World Bank released its global economic outlook stating that the COVID-19 outbreak has put the global economy into severe contraction. It estimates the world economy to contract by almost about 5.2 per cent this year, demonstrating the deepest recession since World War II

Domestic AUM increased by 2.6 per cent on a sequential basis in the month of May 2020. This was led by higher inflows in debt funds.

On a consolidated level, Coal India has given guidance of 710 MT coal production during the current fiscal year despite impending challenges from the economic slowdown and resultant 'demand-supply' status for the year.