The market opened in the red on April 8, 2020. The previous trading session witnessed the Sensex going up by 9 percent to end at 30,067.21 and the Nifty was up 8.7 percent to close at 8792.20.

The market opened in the red on April 8, 2020. The previous trading session witnessed the Sensex going up by 9 percent to end at 30,067.21 and the Nifty was up 8.7 percent to close at 8792.20.

Larsen & Toubro Limited’s wholly-owned subsidiary L&T Hydrocarbon Engineering Limited (LTHE) has been awarded a large project by Indian Oil Corporation Limited (IOCL). The estimated cost of this project is Rs 2,500-Rs 5,000 crore.

The market opened in the red on April 8, 2020, overall volumes in futures & options currently stand at 1,53 crore contracts with a turnover of Rs. 7,65,848.37 crore.

The market opened in the red on April 8, 2020, overall volumes in futures & options currently stand at 1,53 crore contracts with a turnover of Rs. 7,65,848.37 crore.

A successful meeting is being expected on April 9 between the members of Organisation of Petroleum Exporting Countries (OPEC) and allied producers including Russia. On the back of this, crude prices oil prices saw a positive jump as US West Texas Intermediate (WTI) crude oil price rose by 5.59 per cent to USD 24.95 per barrel and Brent crude oil price went up by 2.35 per cent to USD 32.62 per barrel.

Gujarat Alkalies & Chemicals (GACL) on Tuesday informed the bourses that it has started partial operation of poly aluminium chloride (PAC) and hydrogen peroxide plants at Dahej complex and chloromethane & poly aluminium chloride (PAC) plants at Vadodara

Galaxy Surfactants in its press release stated that the company has partially resumed operations at its plants with effect from April 6, 2020. Nevertheless, the company supplies essential commodities including units engaged in manufacturing and distribution of sanitisers, soaps and detergents.

With this new order, the company’s O&M order book has strengthened, which would help in the improvement of cash flows and better revenue growth.

20-DMA (8,906) is likely to act as a stiff resistance for Nifty, followed by 9,039 and above this, Nifty may test 9,390 levels. On the downside, the level of 8,500 is likely to act as a strong support. Stocks in news: Advaced Enzyme Technologies, Galaxy Surfactants, Hero Motocorp, Deepak Nitrite.