Considering the daily time frame, the stock of Bajaj Finserv Limited is trading in a broadening formation, right-angled and ascending pattern since the last 75 trading sessions. The broadening formation, right-angled and ascending pattern is rare and is considered to be a bearish reversal pattern.

Nevertheless, positive opening in domestic equities and weakening of American dollar in the overseas market restricted the downfall to some extent.

The market opened in the green on March 2, 2020, overall volumes in futures & options currently stand at 1.41 crore contracts with a turnover of Rs. 10,04,044.60 crore.

National Thermal Power Corporation (NTPC) said that the company’s Darlipali Super Thermal Power Station Stage-1 (2 x 800 MW) in Sundargarh district of Odisha has commenced its commercial operation with effect from March 1, 2020.

The market opened in the green on March 2, 2020, overall volumes in futures & options currently stand at 1.41 crore contracts with a turnover of Rs. 10,04,044.60 crore.

The market opened in the green on March 2, 2020. The previous trading session witnessed the Sensex going down by 1,448.37 points to end at 38,297.29 and the Nifty was down by 431.55 points to close at 11,201.75.

The market opened in the green on March 2, 2020. The previous trading session witnessed the Sensex going down by 1,448.37 points to end at 38,297.29 and the Nifty was down by 431.55 points to close at 11,201.75.

Reliance Industries Limited (RIL) announced that the company has acquired 37.7 per cent stake in Mumbai-based textile manufacturing company-Alok Industries for Rs 250 crore.  

The region of 11,020-11,090 is likely to act as a support for the index as its 78.6 per cent retracement level of the rise is similar to what was seen in August 2019. On the upside, Friday’s gap area is likely to act as a stiff resistance. Stocks in news: Reliance Industries, NTPC, Career Point, Bharti Airtel, Dr Reddy’s Laboratories, Affle India, Coal India.

Last week, Indian markets became a victim to Coronavirus outbreak across the world. Nifty declined 7.3 per cent during the week and it was the highest weekly decline since the global financial crisis. However, with the start of a new month, there seems to be a little respite in sight for the markets as SGX Nifty is reflecting a gap-up start of almost one per cent.