The third quarter of a financial year remains seasonally weak for IT companies; however, it also sets the tone for the rest of the calendar year. 

With tier I and overall capital adequacy ratio, under Basel III, at 10.91 per cent and 12.98 per cent, respectively, the bank is adequately capitalized.

The global geopolitical tensions between to US-Iran was the key reason for the decline. The weak rupee and surge in crude oil price created selling in frontline blue chip stocks. 

Considering the daily timeframe, Nifty 50, the bellwether equity benchmark, is trading in a broadening formation, right-angled and ascending pattern since last 42 trading sessions. The broadening formation, right-angled and ascending pattern is rare and is considered to be a bearish reversal pattern.

The stock of Central Depository Services (India) Limited has given a breakout of Inverted Head and Shoulders pattern on the weekly timeframe. This breakout was confirmed by the more than 50-week average volumes.

Considering the daily timeframe, the stock of Orissa Minerals Development Company Limited is trading in the symmetrical triangle pattern since the last 38 trading sessions.

The Indian rupee weakened against US dollar due to the surge in crude oil prices amid reports that Iranian Major-General, Qassem Soleimani, and Iraqi militia commander, Abu Mahdi al-Muhandis, were killed in an air strike on their convoy at Baghdad airport.

In CY2019, BSE Sensex surged 14.4 per cent closing at 41,253.74 on December 31, 2019, from 36,068.33 as on December 31, 2018. During the year, it touched the all-time high level of 41,809.96 on December 20, 2019, and recorded a 52-week low of 35,287.16 on February 02, 2019.

The market opened in the red on 3rd January. On the previous day the Sensex was up by 320.62 points to end at 41,626.64  and the Nifty was up by 99.7 points to close at 12,282.20.

The market opened in the red on 3rd January. On the previous day the Sensex was up by 320.62 points to end at 41,626.64  and the Nifty was up by 99.7 points to close at 12,282.20.