DSIJ Mindshare

The markets on February 27, 2019 opened gap up. BSE Sensex is trading at 35,833.03, down by 140.68 points and the Nifty is trading at 10,786.05, down by 49.25 points. 

Confidence Petroleum India has joined hands with Time Technoplast to push the availability of LPG in India. Both the companies exhibited gains on the bourses in the morning session on Wednesday.

After scaling day's high at about 11 am, Indian benchmark indices nosedived to red territory following reports that Pakistani airforce dropped a payload in Indian territory on Wednesday. 

Indian currency opened on flattish gains after it depreciated on Tuesday following the airstrike on terror camps in PoK. Political developments are expected to have a strong effect on currency and bond markets, in the short-term.

On daily time frame, the stock had formed bullish engulfing candle, which suggests bulls are taking control near long-term trendline.