The stock of Kotak Mahindra Bank Limited has formed a Dark Cloud Cover candlestick pattern on the daily scale. Recently, the stock had given breakout of downward sloping trendline resistance at Rs 1,630 on December 02, 2019 and thereafter, the stock saw almost 5.52 per cent upward move in eight trading sessions.

Considering the weekly time frame, the stock of Thermax limited has bounced back from the edge of the upward sloping trendline support that was formed by connecting the swing lows since May 2016. The reversal from the support is further justified with strong volumes.

Mahindra Mutual Fund has launched a new open ended equity scheme ‘Mahindra Top 250 Nivesh Yojana’. Read on to know more.

On Friday, Sensex ended 428 points (1.05 per cent) higher as well as the Nifty ended 114.90 points (0.96 per cent) higher. Whereas, the broader indices represented by the NSE Nifty 500 Index closed higher by 0.95 per cent.

Mastek announced that it had confirmed the partial sale of its legacy holding in Majesco USA. An initial lot of 20,00,000 shares were sold for USD 15.94 million and the remaining 30,44,875 shares are intended to be sold in future.

Power Grid Corporation of India informed the bourses today that it has acquired Rampur Sambhal Transco (RSTL), the Project SPV to establish transmission system for ‘Construction of 765/ 400/ 220 kV GIS substation

Amid uncertain economic conditions, volatility in the equity market and global cues, ITI Mutual Fund has launched ITI Balanced Advantage Fund, an open-ended hybrid scheme. Read on to find out whether you should subscribe or not.

On the global front, the pound hit multi-year highs against its peers as early UK election results pointed to a convincing Conservative win, which is expected to clear the Brexit political gridlock that has hounded Britain’s markets for years.

On Thursday, the National Statistical Office released the Index of Industrial Production (IIP) data, which shows that IIP registered contraction for three consecutive months since the first time in the new series of base year 2011-12.

Magma Fincorp reported a stable performance for the second quarter of FY20. Its gross NPA declined to 6.4 per cent from 8.7 per cent when compared YoY of the same quarter.