Hope of optimism, which took birth due to improvement in the drug to combat the Coronavirus by Moderna, U.S. pharmaceutical firm, has started fading from the sentiments of market participants as infected cases of Coronavirus have surpassed 1 lakh figure in Indian economy. Led by lackluster move in U.S. markets, the Indian benchmark was opened on a flat note at 8,889.15 levels and started moving higher to an intraday high near the psychological resistance of 9,000 levels. A back and forth movement has been witnessed later that has hammered standard deviation for today. On hourly scale, the index has been bounced back after sensing buying pressure from potential support that is placed at 8,849.22 levels. RSI has been bounced back after sensing support from 40 levels. Stochastic oscillator is hinting for a lackluster move. On indices front, most of the sectors are trading on a positive note out of which FMCG stocks added 1.62%. Major NBFC in consumer segment, Bajaj Finance has posted 19% fall in net profits. Market Breadth is positive as 909 stocks are advanced while 764 are trading in the red.