The news from domestic as well as from the global front is not encouraging for the Indian markets on Monday. Firstly, the death toll from a coronavirus outbreak surpassed the SARS epidemic and secondly, TV exit polls are indicating thumbs up for Aam Aadmi Party (AAP) in Delhi. All-in-all, D-street braces for an unwelcome start to the week. Currently, SGX Nifty is down by 2 points trading at 12,082 levels.

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Considering the weekly time frame, the index has formed bullish engulfing candlestick pattern. The bullish engulfing candlestick pattern is considered to be a bullish reversal pattern and usually occurs at the bottom of a downtrend.

The stock of AIA Engineering Limited has given a downward sloping trendline breakout on the weekly scale. The breakout was supported by relatively higher volumes.

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

After a couple of years of subdued performance, we have seen that broader market indices and funds dedicated to such indices have generated better returns, year till date. Is this going to be the new trend of 2020?

The following stocks will be in focus during Monday’s trading session in the light of their result announcements-JK Cement, Mahindra & Mahindra, VRL Logistics, Satia Industries and Dharamsi Morarji Chemical Company (DMCC).

Manappuram Finance Limited (MAFIL), India’s leading gold loan Non-Banking Financial Company (NBFC), informed today that it is planning to raise up to Rs 1,150 crore through the issuance of debentures.

While selecting a company for long-term investment, one factor that every investor should analyse is the quality of management.

Profit after Tax (PAT) in the quarter too jumped by nearly 73 per cent YoY to Rs 36.4 crore. An increase in other income (up by 19 per cent YoY) aided the further PAT growth.