Welcome to the first trading session of the week! SGX Nifty’s early trends suggest an ecstatic start for the markets. As a result, the Indian markets are set to be greeted with sanguinity.

IOCL is among the market leaders in the oil refining segment with more than 50,000 marketing touch points to cater to different product mixes. Thus, the restart of economic activity is expected to certainly give some relief to both, the company and the investors.

The stock has bounced from this support zone and formed a reversal three inside up candlestick pattern, which suggest that the bulls were in a dominant position. The reversal from the support is confirmed by the above 50-week average volumes.

Banking benchmark index-Bank Nifty has gained almost 1,737.25 points or nine per cent in the last five trading sessions. Further, out of the five trading sessions, Bank Nifty ended in green in four of them.

Automobile manufacturer, Maruti Suzuki India Limited, declared that it has specially made a 5 MW carport style photovoltaic solar power plant in Gurugram, India in a bid to reinforce its promise towards a greener future by progressing to create sustainable manufacturing.

Elevated by banking stocks, Sensex closed at 34,287.24, higher by 306.54 points or 0.90 per cent than its previous level while Nifty gained by 1.13 per cent or 113.05 points to settle at the level of 10,142.15. During a volatile session, investors were observed adopting a bullish nature during the second half of today's trading session, as banking and financial stocks gained while FMCG stocks were witnessed losing.

We bid goodbye to FY2019-20 during the COVID-19 induced 21-day first nationwide lockdown which started on March 25, halting the economic wheel. Yet, we are aware that such a situation was not only in India, but experienced worldwide due to Coronavirus outbreak.

Sun Pharmaceutical Industries informed the bourses of its commencement of Phase-2 clinical trials on AQCH, a phytopharmaceutical drug for treating COVID-19.

Subsidiary of Rites Limited, Railway Energy Management Company Limited (REMCL) won its largest mandate from Indian Railways for handling tendering, installation supervision and managing power supply from three GW solar power plants which will be set up on vacant Indian Railway land.

The market opened in the green on June 5, 2020. The previous trading session witnessed the Sensex going down by 128.84 points to end at 33,980.70 and the Nifty was down 32.45 points to close at 10,029.10.