DSIJ Mindshare

The top of a Doji session which stands at 11,118 is likely to act as a resistance level. However, if the high of the Doji is exceeded, then the Nifty uptrend should continue towards the level of 11,180. Stocks in news: Raymond, Varun Beverages, Ceat, Pricol, Jet Airways and Shriram EPC.

The mood of the global markets turned jittery as global growth concerns returned to haunt the markets and also, reports indicated that President Donald Trump did not expect to meet his Chinese counterpart Xi Jinping before the March deadline for trade war negotiations. Considering these factors, we may see initial weakness in the Indian markets. The SGX Nifty suggests that Nifty may open around 11,073, down by 21 points. Some of the key stocks such as BPCL, Engineers India, M&M, REC and Tata Steel will announce their quarterly earnings. 

For the quarter ended December 2018, Tata Motors reported staggering losses of Rs. 26,992.54 crore as its luxury car unit, Jaguar Land Rover (JLR) continued to struggle.

The company reported a PAT of Rs. 11.35 crore with an EPS of Rs. 3.63 for the quarter ended December 2018 as against Rs. 18.83 crore with an EPS of Rs. 6.02 per share for the corresponding quarter last year, registering a degrowth of 39.72 per cent per cent.