Global markets gave major cues to the Indian markets, to follow them. The buying interest though, in almost all counters, supported the markets from more downslide. Going forward, Nifty will face resistance at 7550, once that level has taken off, then Nifty can move up towards 7627 and 7651. Nifty has strong support at 7393 levels, a decisive move below this level can cause further downtrend. It can bring Nifty further towards 7000 levels.

The Container Corporation of India said that the Indian Government is selling up to 9748710 equity shares or 5 per cent of the total paid up equity share capital. The days were set as March 9, 2016 for non retail investors and March 10, 2016 for retail and non-retail investors. The floor price for the offer shall be Rs 1195 per equity of the company and at the floor price it may fetch Rs 1165 crore to the exchequer. A 5 per cent additional discount is being offered to retail investors for those bidding shares worth up to Rs 2 lakh. The promoters holding in the company is at 61.79 per cent, whereas the stake of Institution and non institutions are at 35.08 per cent and 3.12 per cent respectively.