The Budget Day high of 12,017 is likely to act as an immediate resistance for the index. Moving past this resistance zone is likely to help bulls reclaim its 20-DMA which currently stands at 12,140. On the downside, a support is seen at the opening upside gap area (11,783-11,750). Stocks in news: Reliance Industries, Cadila Healthcare, Teamlease Services, BEML, Sun Pharmaceutical.

With the gains posted in the last two trading sessions, markets returned to almost pre-Budget level, helped by buying across the board as nerves calmed down after the knee-jerk reaction of the Budget announcements.

Bajaj Electrical reported its third quarter result for the fiscal year 2019-2020 today, in which its operations revenue dipped by nearly 41 per cent YoY to Rs 1,281.5 crore in Q3FY20. The consumer durable segment reported nearly 13 per cent YoY increase in revenue.

The total saleable area of the project shall be 1, 88,244 sq ft and expected sale proceeds should be around Rs 48.94 crore. The said project will be completed on or before December 31, 2026.

The following stocks will be in focus during Wednesday’s trading session in the light of their result announcements: Ajanta Pharma, Apollo Tyres, Berger Paints and V-Mart Retail.

Jindal Steel and Power Limited (JSPL) announced on Tuesday that following an order from Supreme Court, it had started the transportation of its already-processed and royalty paid iron-ore from its supplier’s mines in Keonjhar (Odisha).

The stock of Godfrey Phillips India Limited has formed a morning doji star candlestick pattern on the daily time frame. The morning doji star is a reversal candlestick pattern, which is bullish and appears at the end of a downtrend.

Erasing the loss caused on the Budget day, Sensex today surged above 917 points and closed at 40,789.38 levels, up by 2.30 per cent while, Nifty ended the trading session at 11,979.65 levels, up by 2.32 per cent.

This project will be executed in Joint Venture (JV) with Power China. As per the project classification of L&T, the major order would fall under the order value between Rs 5,000 crore to Rs 7,000 crore.  

TCS has expanded its long-standing partnership with Walgreens Boots Alliance (WBA) to advance its transformation in global IT functions by launching a new operating model for IT Run and Operational services.