The announcement of launching a Special Liquidity Scheme for Non-Banking Financial Corporation (NBFCs) and Housing Finance Companies (HFCs) to stabilize their liquidity situation under the purview of Reserve Bank of India has boosted the sentiments of the market participants and a sharp rally has been witnessed. Despite the optimism in the global markets, the Indian benchmark was opened on a flat note at 9,079.45 levels but continued to trade higher following the trend of previous trading session along with heavy additions in Put Writing at 9,100 levels to an intraday high of 9,147.48 levels. On hourly scale, the index has negated the formation of ‘Head and Shoulder’ pattern and breached above 50-hours Exponential Moving Average. RSI is on the verge of breaching 60 levels. Shares of Bajaj Auto gained 6% after flat results despite Covid-19. On indices front, all sectors are trading on a positive note out of which PSU Bank stocks added 2.65%. Market Breadth is positive as 1,145 stocks are advanced while 498 are trading in the red.