Lots of unexpected announcements are done by RBI Governor Shaktikanta Das that inculcates extension of moratorium period till August 31, reduction in repo rate by 40 basis points to 4% and similarly reverse repo rate has been reduced by 40 basis points t 3.35%. After weak global and other Asian markets, the Indian benchmark was opened on a gap down note near the psychological support of 9,000 levels and bounced back to an intraday high of 9,149.6 levels. However, the announcement of counter measure for Covid-19 as banks and NBFCs are going through tough times failed to cheer the market participants and activated sellers to a low of 8,870 levels. On daily scale, the index has witnessed a steep fall after activating the ‘Gravestone Doji’ that signals for indecisiveness in the sentiments of market participants with a negative bias. On indices front, most of the sectors are trading on a negative note out of which private banking stocks eased 2.85%. Market Breadth is negative as 605 stocks are advanced while 1,046 are trading in red.