Some pessimism also spread among investors, with SBI research’s report showing that surplus rainfall in August and September is likely to keep food and vegetable prices elevated in the near future and the retail inflation may average at around 4 per cent in FY20.

The stock of Apollo Tyres Limited has formed a Morning Doji Star candlestick pattern on the daily timeframe. The morning Doji Star is a reversal candlestick pattern, which is bullish and appears at the end of a downtrend.

Considering the daily timeframe, the stock of Tata Motors Limited is trading in a Bullish Flag pattern since the last 12 trading sessions, with a receding volume. The flag pattern is a short-term trend continuation pattern that marks a small consolidation before the previous move resumes.

The company submitted a press release on stock exchanges, which said that it has signed a Memorandum of Understanding (MoU) with the Government of Andhra Pradesh (AP). 

Our Bollinger Band Squeeze scanner has picked up Escorts Limited, suggesting that the stock is near a consolidation breakout.

The company, in its stock exchange filing, said that the facility is part of Special Economic Zone (SEZ) and is intended to cater primarily to the US and other international markets. 

On the weekly expiry day, the Nifty witnessed a handsome recovery from the lows of about 11,800 mark and closed in the positive terrain with a negative advance-decline ratio. Although it closed in the positive, it formed a lower high and lower low. The early indications from SGX Nifty suggest that the markets are likely to extend the gains of the previous session and the bias is anticipated to be on the positive.

For the benchmark index, the make or break of levels would be 11,800 and a fresh wave of momentum would only be seen if it crosses 11,980 levels on a closing basis. Stocks in news: Cipla, NBCC, IRCTC, Natco Pharma, SBI, CESC, MOIL.

The popularity of the mutual fund as an investment vehicle has increased in last few yeasrs. Read on to find how are they stacked up.

Many of the ETFs are thinly-traded and have lower assets under management (AUM). This sends a signal to investors that the liquidity in the ETF is not sufficient to trade. Read on to find if this is true.