The region of 11,020-11,090 is likely to act as a support for the index as its 78.6 per cent retracement level of the rise is similar to what was seen in August 2019. On the upside, Friday’s gap area is likely to act as a stiff resistance. Stocks in news: Reliance Industries, NTPC, Career Point, Bharti Airtel, Dr Reddy’s Laboratories, Affle India, Coal India.

Last week, Indian markets became a victim to Coronavirus outbreak across the world. Nifty declined 7.3 per cent during the week and it was the highest weekly decline since the global financial crisis. However, with the start of a new month, there seems to be a little respite in sight for the markets as SGX Nifty is reflecting a gap-up start of almost one per cent.

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

Tata Consultancy Services (TCS) has been positioned as a leader in the Everest Group PEAK Matrix@ for Property and Casualty (P&C) Insurance Application and Digital Services.

On Friday, the stock has given a neckline breakdown of the double top pattern. This breakdown was confirmed by the above 50-day average volumes. With the pattern breakdown, the stock had formed a reversal bearish engulfing candlestick pattern on the weekly time frame.

The price bids for the project were opened on February 13, 2020 and PNC’s bid was the lowest (L1). Further, the construction of this project is to be completed within 30 months.

On Friday, Dr Reddy Laboratories informed the bourses that the audit for its manufacturing plant at Bachupally (Telangana) was completed by the United States Food and Drug Administration (USFDA). The health regulator issued a Form 483 with two observations to the company.

SBI Cards and Payment Services (SBIC) a subsidiary of SBI, engaged in credit card services, is entering the capital market with its Initial Public Offer (IPO) of equity shares of Rs 10 each.  Read on to find if you should subscribe to the issue.

The stock of Adani Enterprises Limited forms evening doji star candlestick pattern on the weekly time frame. The evening doji star is a reversal candlestick pattern which is bearish in nature and appears at the end of an uptrend.

Coromandel International Limited has been picked up by our Bollinger Band Squeeze scanner, which suggests that the stock is near a consolidation breakout.