DSIJ Mindshare

The level of 11,549 is a crucial support level of the index and the bull camp will closely monitor this level. A sustainable move below the 11,549 level could trigger further correction towards the levels of 11,440-11,400. On the higher side, bulls may face resistance in the range of 11,710-11,730. Stocks in news: Cipla, Biocon, Godrej Consumer Products, Essel Propack, Suven Life Sciences, Hindustan Copper, Symphony, Asian Paints, TCS.

A sharp surge in crude oil prices took its toll on the Indian markets. This was after Donald Trump administration conformed that the 6-month relief granted for purchase of Iranian oil will not be extended beyond May 2. The Indian markets are likely to open the session on the flat note on Tuesday. At the time of writing, SGX Nifty was trading with modest gains of 3 points at 11,620 levels.

Blackstone, one of the world’s leading investment firms, has entered into definitive agreement with Ashok Goel Trust to purchase majority stake in Essel Propack Limited (EPL), which is a leading speciality packaging player and the largest global manufacturer of laminated tubes.

Hexaware Technologies Limited forms Homing Pigeon candlestick pattern on the daily time frame.

Net inflow FII investments were high at Rs. 33,980 crore in March 2019 led by high expectations from the Lok Sabha election which begun from April 2019. We analysed 5 companies that got much of the FII attention, read on to know more.