DSIJ Mindshare

Indian benchmark indices are likely to open the session with modest gains following strong leads from the Wall Street and optimism seen among the Asian peers. At the time of writing, the SGX Nifty was up by 11 points at 11,745. Market participants will keep a watch on Nikkei Manufacturing PMI for the month of March, which is due for release today.

Tata Consultancy Services Limited was picked by our Bollinger Band squeeze scanner which suggests that the stock is near a consolidation breakout.

The stocks that are likely to witness significant movement on the bourses on April 2 are Sadbhav Infrastructure, Lupin, Gateway Distriparks, Sambhaav Media and PVR.

NCC informed the bourses on Monday that it has bagged orders totalling to Rs. 4,619 crore without GST in the last month of FY19.

Nifty Auto accelerated by 76.05 points or 0.91 per cent and made intraday high of 8,492.35 and settled at 8,411.40. A major contributor to this gain was Tata Motors, as it jumped nearly 7 per cent on the expectation of better JLR numbers in Q4.