Immediate support for the Nifty is placed at 11,880, followed by 11,840 levels. On the upside, the level of 11,980, followed by 12,040, would act as immediate resistance points. Stocks in news: Mahindra & Mahindra, SMS LifeSciences, Tata Power, Bajaj Finance.

The following stocks will be in focus during Tuesday’s trading session in light of their results announcements: Dabur, NCC, Titan, Ajanta Pharma and Divi’s Labs.

In the last trading sessions, the BSE Sensex recorded a fresh all-time high, whereas, the Nifty attempted to reclaim the magical figure of 12,000 mark. However, the 12,000 mark on the Nifty remained a far-fetched dream. In the overnight trade on Wall Street, all three major indices touched record highs but there is not much from Asian peers to drive the market today.

Hikal Limited announced having received the Establishment Inspection Report (EIR) from the United States Food and Drug Administration (USFDA) for its Active Pharmaceutical Ingredient (API) unit located in Bangalore.

Bharat Heavy Electricals Ltd (BHEL) won an order for renovation, modernisation and uprating (RM&U) of the Chilla Hydro Electric Plant (HEP) from Uttarakhand Jal Vidyut Nigam Ltd (UJVNL). The project is valued at over Rs. 200 crore.

On the downside, the immediate supports are seen around 29890-29630 levels as it is the confluence of 8-day EMA and 13-day EMA. On the upside, the Bank Nifty needs to sustain above the zone of 30800-30600 level to maintain its positive stance. If it is unable to surpass this level, then there are chances of the index entering a corrective to sideways phase.

The stock of Adani Power Limited has given ascending triangle breakout on a daily time frame. This breakout was confirmed by the above 50-day average volumes.

 Traders were encouraged with Prime Minister Narendra Modi’s statement that India is among the top 10 destinations for foreign direct investment (FDI) in the world and received $286 billion of FDI in the last five years.

There have been quite some noteworthy events bearing significant influence on the stock markets in the past one year, right from credit events to the slashing of corporate tax rates. Let's figure out the performance of equity MFs in the past one year amidst all the buzz?

In a trading session earlier, the IT services and technology provider’s stock price had fell as much as 15 per cent intra-day after whistleblower raised questions over its corporate governance.