The market opened in the green on March 4, 2020, overall volumes in futures & options currently stand at 2.03 crore contracts with a turnover of Rs. 13,98,583.16 crore.

The market opened in the green on March 4, 2020. The previous trading session witnessed the Sensex going up by 479.68 points to end at 38,623.70 and the Nifty was up by 170.55 points to close at 11,303.30.

The high and low of inside bar is likely to act as an important point of attention as sustaining above the high of inside bar i.e. 11,342, could lead the index to test open the downside gap area of February 28, which remains unfilled. While, slipping below the low of inside bar i.e. 11,152.55, could lead to the test of 11,020 level.

The major headlines is that US Fed announced a surprise rate cut of 50 basis points and it’s the first time that the Fed has cut rates by half a percentage point since late 2008. Despite this, US markets ended sharply lower and it clearly indicates that the only thing that worries the market participants is about the slowdown, which could be caused by the growing threat of Coronavirus outbreak.

Infosys, a global leader in next generation digital services and consulting, today announced a strategic long-term partnership with K+S AG, the world’s largest salt manufacturer and Europe’s biggest supplier of Potash, to support its ‘Shaping 2030 Strategy’ - by preparing an agile and flexible IT infrastructure foundation to enable their digital roadmap.

Newgen Software, a global provider of low code automation platform managing content, processes and communication, announced today that US Patent Office has issued a patent for its mark detection system and methodology (US Pat No. 10579896). The mark detection system is used to identify marks, like tick and cross marks on document images.

Zydus Cadila announced that it has received an approval from Drug Controller General of India (DCGI) in order to initiate Phase 1 clinical trials for its Investigational New Drug (IND) ZYBK2.

On Tuesday, Intense Technologies informed the bourses that it had won a large deal for digitalising mission-critical citizen services in India in partnership with a large System Integrator (SI). The project is aimed at increasing the digital adoption of critical services amongst citizens of India by making services accessible across multiple devices.

The stock market crashed, read most of the headlines last week, after the spread of the coronavirus in major countries including Iran, Italy, Japan, South Korea, and the United States. Check the confirmed cases, death and recovery cases worldwide.

The benchmark indices rebounded and closed today’s trading session with flying colours. S&P BSE Sensex jumped 479 points to close at 38,623.70 levels, up by 1.26 points while, Nifty ended at 11,303.30 levels, up by 1.53 per cent.