Today's Market Influencer :
Today Movement - Neutral to Positive
US market Future Indices are slight positive but Asia indices are negatives as Coronavirus reported cases in China double in 24 hours with 106 death along with new cases emerging in other countries. The oil prices are at $58.28/bbl(0.07%) as most of cities in China have extended Lunar holidays that impact output. USDINR at 71.45(0.00%) though crude price is low but fiscal deficit is worry for debt and currency.
We expect markets to be Neutral to Positive as Budget anticipation rally will continue at new high along with new money getting attracted in broader market.
Important Close Level is 11894/12460
Stock of the Day :
Torrent Pharma Ltd. - SELL - Stop Loss 2060 & Target - 1970/1860
(IMP : Do not trade if opens at Stop loss/Target levels)
Company posted weak operating performance in India and USA. Headline numbers were inline due to higher other income and lower tax rate.
We would be negative for intraday trade.