The infrastructure theme has enriched returns of the investors in the last one year till January 15, 2018. Around 18 infrastructure schemes which have completed 3 years have given an average return of 42.5 per cent. But post Union budget, the market volatility has dragged the returns of these schemes. These funds bled like nothing in the past 2 months which has turned the cumulative 3 months returns of these schemes red.

LIC Housing Finance closed 5 per cent up and grabbed second largest position in the Nifty Financial Service index. The stock breached its 50 days EMA resistance at 527-528 level almost after mid-October 2017 and recently broke out of its major resistance range of  520-530, breaking the lower top lower bottom pattern.

Technically, Bank Nifty opened on a flat note and surged so much so that it could fill the gap it made on last Friday. Bank Nifty had broken its upward sloping trendline at 25,295 on February 14, followed by a pullback and again a retreat from 25,725 on February 27.

KEC International, an RPG Group Company, has bagged new orders totalling Rs. 2,419 crore. The turnkey order includes construction of GIS substations in Tamil Nadu, Karnataka and Bihar.

The company which is a subsidiary of ICICI Bank launched its Initial Public Offering on March 22 and the offer closes at 17:00 hours on Monday, March 26, 2018.

Pharma major Dr Reddy’s Laboratories launched palonosetron hydrochloride injection. The injection is a generic version of ALOXI.

Indian markets may see a modestly negative opening on the back of negative indications prevailing in the global markets. There are some critical data flows coming up during the week, apart from the March series F&O expiry. The US GDP data is expected and so is India’s fiscal data. The SGX Nifty is pointing that Nifty may open around 9,991.  

Going ahead, Friday session low of 9,951 will be a crucial support for the Nifty and the next support is seen around 9,910 level. Stocks in the news: Granules, Vedanta, Tata Power, Tata Chemicals, Marathon Nextgen Realty, NHPC, NTPC, BHEL, Reliance Industries, Indiabulls Real Estate, Bharat Financial Inclusion and Uttam Galva.

Starting April 1, insurance regulator Insurance Regulatory and Development Authority of India (IRDAI) has proposed to reduce third party premiums for FY19. IRDAI has also proposedtofacilitate insurers to come up with cheaper comprehensive insurance policies that will benefit the vehicle owners.

If the insured was the sole bread earner for the family, the pay-out can ensure that the family members do not have to go through financial travails and uncertainties.