Majority of the sales were generated in the last few days of April after the exemption of the sale of agricultural machinery was announced by Union Government on April 20.

The level of Wednesday’s session low of 9,116.50 is likely to act as an immediate support level. On the upside, the range of 9,350-9,450 is likely to act as a stiff resistance. Stocks in news: Dr Reddy’s Laboratories, HDFC, Maruti Suzuki, Aster DM Healthcare.

On Thursday, Indian markets are set for a negative start as SGX Nifty indicates a gap-down opening. At the time of writing, SGX Nifty was down by 101 point at 9,154 level. The main cause of concern in India is that the total number of Coronavirus cases has crossed 50,000 mark and the death toll is reported to be around 1,785.

In a latest development, Wipro Limited announced that it has signed a memorandum of understanding (MoU) with Government of Maharashtra for converting one of its branches to a 450-bed COVID-19 hospital.

PNB Housing Finance Limited (PNBHFL) announced that it has signed a memorandum of understanding (MoU) with Indian Institute of Technology (IIT) Delhi, in an initiative to support critical research and development (R&D) of a unique prototype material to be used in manufacturing sustainable personal protective equipment (PPE) surgical gowns and masks, which would then be supplied to notable government hospitals.

The shares of NIIT Technologies were trading deep in green on Wednesday and surged as much as 19 per cent after the IT company announced its Q4 results after market hours on Tuesday.

Volatility continues to remain in the stock markets as Sensex finally closes in green after witnessing a selling in the initial trading session. The index increased by 0.74 per cent or 232.24 points to be at the level of 31,685.75 while, Nifty rose by 0.71 per cent or 65.30 points to reach the level of 9,270.90.

TTK Prestige today announced that the manufacturing facilities at Hosur (Tamil Nadu), Roorkee (Uttarakhand) and Karjan (Gujarat) have started day-shift operations within the conditions, as applicable to each location.

Maruti Suzuki India Limited has put in place a comprehensive standard operating procedure (SoP) for its dealerships across the country. The process ensures hygiene and sanitisation across all its showrooms for the safety of its customers and employees. After the implementation of these SoPs and based on the approvals from state governments, Maruti Suzuki dealerships have started to open and deliver cars to waiting customers.

There is a misconception among many investors that investing in bonds or debt funds carries no risk. Although they have a lower risk compared to stock, they have their own set of risk to deal with.