Nifty needs to move above the 200-DMA as well as August 9 high of 11182 decisively for a bullish momentum. While, on the downside, in case Nifty breaks the August 14 low of 10935 and closed below this level, it would mean a flag breakdown. Stocks in news: Hero Motocorp, HFCL, Nestle, KEC International, MRPL.

At the time of writing, SGX was trading with modest losses of 14 points at 11,042 level.

The bank is expected to see better growth in its Net Interest Margins (NIMs) post the merger with Bharat Financial. The synergies from the merger are expected to boost the bank’s rural penetration and the bank is expected to mark gradual decline in stress book.

The sentiments turned pessimistic as the Australia and New Zealand Banking Group (ANZ) slashed its forecast for India's economic growth to 6.2 per cent in the financial year ending March 2020 from a previous estimate of 6.5 per cent, warning it would be tough for authorities to engineer a turnaround.

The stock of Pennar jumped 13 per cent intra-day as the company announced orders bagged for the months of June and July 2019.

Ujjivan Financial Services announced its decision to launch IPO of the company’s subsidiary Ujjivan Small Finance Bank (USFB). Reacting to this news, the stock of the company on Monday fell by nearly 8 per cent during intraday trade.

KEC International has secured orders of Rs 845 crore in the emerging Regional Rapid Transit System (RRTS) and Metro sectors in India.

Following a series of positive development, the stock of Sun Pharmaceutical was buzzing on Monday. The stock hit an intraday high of Rs. 434.20 per share, up more than 4 per cent.

The stock of V-Guard Industries has formed opening bullish Marubozu candle on the daily time frame.

Crompton Greaves Consumer Electricals Limited was picked by our Bollinger Band squeeze scanner which suggests that the stock is near a consolidation breakout.