DSIJ Mindshare

The stock of Tata Consultancy Services Limited has formed the Three Black Crows candlestick pattern on weekly time frame.

On Friday, shares of Lupin closed at Rs. 756 per share, higher by 2 per cent on BSE. The stock had opened at Rs. 742.00 compared to its previous close of Rs. 741.35.

Nifty Bank index, on Friday recorded its biggest single-day gain ever as it surged by 8.31 per cent or 2223.9 points to a level of 28,981.

The positive sentiments are likely to continue and can trigger further buying in the market. The coming week will also see some earnings estimates for H2FY20E and FY21E, which can be higher than any other estimates. The positive sentiments at domestic front, though, will need some support from global markets.

After last few sessions of weakness, the Indian rupee has strengthened against the greenback (US dollar) on Friday.