The market opened in the green on February 12, 2020. The previous trading session witnessed the Sensex going up by 236.52 points to end at 41,216.14 and the Nifty was up by 76.40 points to close at 12,107.90

The bulls are expected to witness a momentum on the upside, only if they manage to convincingly close above the 50-DMA and stays above that level for a couple of days. In any case, Nifty closes below the prior bar low or gravestone doji low of 12,099, which could be the first sign of weakness. 

Indian markets are likely to open a tad higher on Wednesday as sentiments amongst the Asian peers are seen upbeat on hopes as the spread of coronavirus is slowing down. SGX Nifty is trading up by 33 points at 12,160 levels.

Sundaram Mutual has announced the launch of its new open-ended equity scheme, Sundaram Balanced Advantage Fund. ​ The New Fund Offer opens for subscription on February 14, 2020, and closes on February 28, 2020.

Global leader in technology services and consulting, Infosys said that it plans to acquire Simplus, a certified platinum salesforce partner, in a deal of around US $250 million.

Zydus Cadila has received the final USFDA approval for marketing of Fluocinonide Cream USP, (US RLD-Vanos Cream) 0.1 per cent. This cream is commonly used for the treatment of various skin conditions such as psoriasis, eczema, dermatis, allergies, rash, etc.

The stock of Just Dial Limited forms Homing Pigeon candlestick pattern on daily time frame. On Tuesday, the stock opened with a minor upside gap above Monday’s close within its real body. But unlike the Bullish Harami pattern, it closed with small body red candle. It signals a weakening of the short-term downtrend and may reverse to the upside after the confirmation candle.

Sensex ended today’s trading session above 236 points at 41,216.14 levels, up by 0.58 per cent as the global markets too ended in positive numbers. Nifty too was higher by 0.63 per cent and managed to close at 12,107.90 levels.

Marksans Pharma announced that it has received Establishment Inspection Report (EIR) from United States Food and Drug Administration (USFDA) for the company’s New York facility.

The shares of Ramco Systems were trading in green on Tuesday after the company informed the bourses that it had signed an agreement with Classic Fashion Apparel Industry, the largest apparel manufacturer in the Middle East. The pact was signed to implement Ramco's global payroll and workforce management solution, in order to automate the payroll and attendance of more than 30,000 employees.