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, overall volumes in futures & options currently stand at 1,08 crore contracts with a turnover of Rs. 5,61,885.86 crore.

The market opened in the green on May 18, 2020, overall volumes in futures & options currently stand at 1,08 crore contracts with a turnover of Rs. 5,61,885.86 crore.

KNR Constructions Limited (KNRCL) along with its joint ventures, announced that the company has received orders worth Rs 2,309.23 crore from Irrigation & CAD Department, Government of Telangana.

Nirmala Sitharaman said that there will be indigenisation of some imported spares and a separate budget provisioning for domestic capital procurement will be done. This will reduce the huge defence import bill, she stated.

Reliance Industries Limited (RIL) announced that its rights issue of a size of Rs 53,125 crore will open on May 20 and close on June 3, 2020. Also, General Atlantic is set to make an investment in Jio Platforms.

As per the data of IQVIA (IMS Health), US sales of Advair Diskus is nearly $2.9 billion for the 12-month period ending March 2020.

The lockdown had already affected the sales of almost the entire month of March. The sentiments got further impacted due to the news flow that Coronavirus spreads rapidly in low temperatures.

The level of 9,000 would be crucial level to watch out and any move below this level, could lead to further downside towards 8,820 levels. Meanwhile, on the upside, Thursday’s gap which stands at 9,281-9,351 is likely to act as a resistance. Stocks in news: Reliance Industries, KNR Constructions, Future Consumer, Godrej Consumer Products.

Indian equity markets are likely to open on a soft note as the extension of the lockdown till May 31 and a sharp surge in COVID-19 cases in the last few days had dampened the sentiments.