DSIJ Mindshare

The company has entered a shared service arrangement to provide global admin and support function to Xerox Corporation.

Going ahead, Tuesday’s opening levels and trajectory post opening would be extremely crucial for the index. If the index slips below the Monday’s session low of 11,412 and trades convincingly below this level, then there is high probability that Monday’s high point of 11,530 would become a temporary top for the index. Stocks in news: HCL Technologies, LT, Reliance Industries, Orbit Exports, Aarti Industries, Hotel Leelaventure, Adani Ports, Vakrangee and Canara Bank.

The domestic markets may open the Tuesday’s session on a flat note as cues from the Asian peers are cautious. At the time of writing, the SGX Nifty was trading with a gain of 13 points at 11,524. The real estate stocks would be in focus in today’s session as the GST Council meeting is intended to undertake a range of topics on priority basis, including the implementation of lower Goods and Services Tax (GST) rates for the real estate sector. Also, on the macro front, investors will keep an eye on the current account deficit numbers.  

The stocks that are likely to witness significant movement on the bourses on March 19 are Indostar Capital Finance, Jet Airways, Thomas Cook, Hindustan Aeronautics and Canara Bank.

Since the start of this month, the benchmark indices BSE Sensex and NSE Nifty have rallied nearly 6 per cent each. This strong stock market rally comes ahead of India's general election which will be held in May 2019.