The low of Friday’s trading session (8,055) is going to act as a crucial support level. On the upside, the high of Friday’s trading session (8,356) is likely to act as a stiff resistance for the index. Stocks in news: Bajaj Finance, Godrej Properties, IndusInd Bank, Kotak Mahindra Bank, Lupin, HDFC Bank, L&T.

Indian markets are set to open today after an extended weekend as Monday was a trading holiday. Over the last three days, news from the global shore has been soothing as COVID-19 cases appear to peak out in Europe and New York thereby, bring hopes of stabilisation. Further, icing on the cake is a historic stimulus announced by Japan’s Minister Shinzo Abe to combat the impact of Coronavirus on the economy.

The low volatility strategy is used to survive in situations like the present crisis. But does it really work and pays off? Let’s find out.

KEI Industries has extended its support to ISKCON Delhi for feeding homeless people amid the recent pandemic outbreak and the nationwide lockdown.  

Mahindra & Mahindra (M&M) in a filing to the exchanges stated that it has reviewed its investment in SsangYong Motor Company (SYMC) worth 500 billion Korean Won (KRW) or USD 406 million. The company has also discussed the approach to capital allocation embracing COVID-19 impact.

Global rating agency, Moody’s Investor Service, placed private sector lender IndusInd Bank’s ratings under review for downgrade and cut its outlook on ICICI Bank, Axis Bank and IDBI Bank by a notch due to asset quality concerns.

Associated Alcohols & Breweries announced that the company has received permission from MP Drug & Food authorities for the production of alcohol-based hand sanitisers.

SRL informed that the credit rating agency has reaffirmed the company’s long-term issuer rating at CARE AA- with stable outlook and short-term issuer rating at CARE A1+. 

The shares of pharmaceutical company, Cipla Limited surged more than eight per cent on Friday after the company announced that it has successfully completed phase-3 of clinical end-point study for fluticasone propionate & salmeterol inhalation powder.

Cyient Limited announced that it has partnered with Hitachi Rail in order to accelerate the evolution of signalling technology as well as expand & enhance the latter’s project execution capacity.