Information Technology consulting company, Infosys Limited, today announced that the company is launching a state-of-the-art Cyber Defense Centre in Indianapolis, the capital city of Indiana in United States (US) next month.

Meanwhile, investor sentiment remained fragile after a jump in the number of Coronavirus cases outside China stoked fears of a slowdown in the global growth. The total number of casualties owing to Coronavirus stood at 2,663 with 71 new Coronavirus deaths reported from China.

The stock has also outperformed its peers such as Godrej Consumer Products and Emami, which declined by 13 per cent to 34 per cent since last February. Its stock recently touched its 52-week high of Rs 2,307 on BSE.

Indian multinational subsidiary of Mahindra Group and IT services major, Tech Mahindra announced that it will acquire 100 per cent stake in US-based software solutions company-Zen3 Infosolutions.

Shares of IRB Infra surged higher by nearly three per cent in the early trade in Monday to touch an intra-day high of Rs 96.75 on BSE. At 9.35 am, the stock was trading at Rs 95 per share with gains of 1.77 per cent.

The stock of Granules India Limited has formed a three inside down candlestick pattern on the daily time frame. The three inside down pattern represents a confirmation of the bearish harami pattern, which indicates that the forecast is successful.

On the upside, the zone of 11,900-11,930 is likely to act as a stiff resistance. On the downside, the failure to hold the gap area of February 4, could lead to further downside and Nifty may re-test its swing low of February 3. Stocks in news: TVS Motor, Camlin Fine Sciences, JSW Steel, Tech Mahindra.

If we analyse the last few trading sessions, it seems that Indian market has eventually started to panic about the growing severity of Coronavirus after weeks of escape. The quantum of sell-off in the last trading session was severe with all Nifty50 stocks that ended the day in red, which is very rare and all sectoral indices witnessed a heavy selling pressure.

At the broader level BSE mid cap and small cap indices closed down by 1.60 per cent and 1.5 per cent respectively. Other sectoral indices such as BSE Metal, Auto, Telecom closed down by 5.71 per cent, 3.39 per cent and 3.33 per cent respectively in today's trade.

The share price of ABM Knowledgeware hit the upper circuit on Monday amid reports that the company had been awarded a strategic contract in the infrastructure development space worth Rs 103.5 crore.