Downward Pressure

Indian markets gave up their earlier gains and ended their session lower. The BSE sensex closed 0.4% lower (130 points) and NSE Nifty closed at 10,114 down 0.4% (41 points).
The markets are favour for sellers. The investors are waiting for the clarity about the Donald Trump’s proposed tariff on Chinese imports and its effect on the world’s economy.
Zensar Technologies: Zensar technology is a pune based software developer. Their shares may rose up to 2.7% for three consecutive trading sessions.
Zensar technologies acquire US based Insurance company Cynosure to expand their space in Insurance. Their shares are expected to decrease in Friday’s session.
IOC: India’s biggest Oil refiner Indian Oil Corporation is planning to invest $3.5 billion on April 1st to expand and upgrade their refineries.
The company planned to use their internal sources for capital expenditure and has no plans to raise loans and issue bonds. Traders are recommended to be cautious while investing their money in IOC.
The investors are advised to stay away from Telecom sector and PSU banks. Their shares are expected to continue their trade in the volatile state and it takes a short period of time to stabilize their position in the market.

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