Sensex and Nifty reclaimed their important psychological level of 37,000 and 10,900 with a strong close on Friday. Post a solid close, market participants would expect the move to continue. However, the early trends in SGX Nifty suggests that bulls are likely to face Monday morning blues. Further, cues from Asian peers too are negative.

The sign of exhaustion would be confirmed only if the index manages to close below 10,562 levels. On the upside, the level of 11,000-11,280 is likely to act as a resistance zone. Stocks in news: M&M Financial Services, Glenmark Pharmaceuticals, Cadila Healthcare, Vodafone Idea, NLC India, Selan Exploration.

The net profit margin in Q1FY21 came in at 1.43 per cent , which declined by 7.90 per cent  YoY. The net profit margin in Q1FY20 was at 9.33 per cent.

Provisions and contingencies stood at Rs 3,891.52 crore in Q1FY21, which increased by 48.9 per cent YoY, as against Rs 2,613.66 crore in Q1FY20.

New Fund Offers (NFOs) that are open for subscription.

Gross Direct Premium Income (GDPI) of the company stood at Rs 3,302 crore in Q1FY21 which declined by 5.3 per cent YoY compared to Rs 3,487 crore in Q1FY20.

The company posted a consolidated net profit of Rs 66.06 crore for Q1FY21 , which increased by 804.26 per cent, as compared to Q1FY20 when it reported a consolidated net loss of Rs 9.38 crore.

The stock of Muthoot Finance has witnessed almost 169 per cent upward move from the low of March 24, 2020. The stock has relatively outperformed the frontline indices in the current leg of the upward rally. Also, the stock relatively outshines Nifty 500 with a decent margin.

Interestingly, in the recent corrective phase, the RSI never breached its 60-mark, which indicates that the stock is in a super bullish range as per RSI range shift rules.

Following banking, energy and financial stocks, domestic benchmark indices ended the week on a positive note with Sensex rallying by 548.46 points or 1.50 per cent to settle at 37,020.14 and Nifty gaining by 161.75 points or 1.51 per cent to close at 10,901.70.