Markets have been gripped by negative news flow since the last couple of weeks. It all began with the spread of Coronavirus, followed by Yes Bank Saga. However, with the start of a fresh week, the market participants might hope for some relief but nothing of that sort is visible. Bears have got fresh news to further tighten their grip as Saudi Arabia’s stir up force on Russia cut its list prices by most in 20 years.

Considering the weekly time frame, the stock of Tata Consultancy Services Limited has bounced back from the edge of the rising trendline support that is formed by connecting swing lows from November 2018. The reversal from the support is confirmed by the above 50-week average volume.

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

Kamdhenu Ltd recorded its fresh 52-week low on Friday despite the fact that Kamdhenu Paints launched white cement polymer-based putty of premium quality with the name-Kamo Star Water Proof Putty for interior and exterior walls, recently.

On broader levels, BSE 200 and BSE 500 ended the session down by 1.78 per cent and 1.85 per cent for the week. BSE 200 was topped by Indiabulls Ventures, which ended the week up by 27 per cent while on the losing side, Yes Bank lost nearly 53 per cent of its value during the week.

Vodafone Idea has on March 6, 2020 filed its self-assessment of the AGR liabilities with DoT. The self-assessment discloses that the AGR liabilities of the company aggregates to Rs 21,533 crore including a principal amount of Rs 6,854 crore for the period from FY 2006-07 to FY 2018-19 and interest up to February 2020.

Though the company added that it has adequate inventory for current quarter, its large operational season starts in June, which can be expected to be little worrisome for the company if the virus-related shutdown in China is not dissolved.

Due to a concern over Yes Bank’s survival and honouring of its debt obligations, MFs holding the debt instruments of Yes Bank would get affected. Read on to find out more.

Indian rupee weakened against US dollar on Friday, followed by continued foreign fund outflows and weak domestic equities amid a sell-off across the globe as the spread of Coronavirus pandemic stoked fears of recession.

The shares of Force Motors were trading down by five per cent on Friday after the company reported subdued sales number for February 2020.