In the last five consecutive sessions of losses, investors have become poorer by Rs 6.31 lakh crore.

Nifty formed a Bearish candle on the daily charts. It slipped below its 200-DMA placed at 11,684 on daily charts.

Market is likely to remain volatile ahead of February FO expiry as well as December quarter GDP data, experts said.

SP BSE Sensex closed 806 points lower at 40,363 while the Nifty50 ended with losses of 251 points to close at 11,829 on Monday.

The BSE Midcap and Smallcap has outperformed the benchmark indices with a gain of 0.40 percent and 0.51 percent, respectively.

Momentum on the upside shall pick up on a strong close above 12150 levels, suggest experts.

Traders can make use of dip to create fresh longs with a stop below 12030 levels on a closing basis and look for an initial target of 12178.

Nifty formed a bearish candle which looked like a ‘Hammer’ kind of pattern.

After witnessing a positive opening, the market benchmarks slipped in the negative soon and traded in the red for the most part of the session, eventually settling with losses.

FPIs sold shares worth Rs 704.92 crore, while DIIs bought shares of worth Rs 219.54 crore in the Indian equity market on February 14, provisional data available on the NSE showed.

The apex court#39;s stance weighed on financial stocks also because of their exposure to the sector.

Intraday traders can consider long position if Nifty sustains above 12232 levels.

If the index closes below 12,144 then a fresh leg of downswing shall unfold with initial targets of 11,990.

Traders are advised to wait for at least a strong close above 12138 levels before initiating fresh longs.

Positional traders are advised to create fresh shorts on a breach of 11950 levels on a closing basis and look for a target of 11770.

Geojit has come out with its report on SBI Cards. The research firm has recommended to "Subscribe#39;#39; the IPO in its research report as on February 27, 2020

Ajcon Global has come out with its report on SBI Cards. The research firm has recommended to "Subscribe#39;#39; the IPO in its research report as on February 27, 2020

Arihant Capital has come out with its report on SBI Cards. The research firm has recommended to "Subscribe#39;#39; the IPO in its research report as on February 27, 2020

Hem Securities has come out with its report on SBI Cards. The research firm has recommended to "Subscribe#39;#39; the IPO in its research report as on February 27, 2020

LKP Research has come out with its report on SBI Cards. The research firm has recommended to "Subscribe#39;#39; the IPO in its research report as on February 27, 2020

SPA Securities has come out with its report on SBI Cards. The research firm has recommended to "Subscribe#39;#39; the IPO in its research report as on February 27, 2020

Mehta Equities has come out with its report on SBI Cards. The research firm has recommended to "Subscribe#39;#39; the IPO in its research report as on February 27, 2020

Angel Broking has come out with its report on SBI Cards. The research firm has recommended to "Subscribe#39;#39; the IPO in its research report as on February 27, 2020

YES Securities has come out with its report on SBI Cards. The research firm has recommended to "Subscribe#39;#39; the IPO in its research report as on February 26, 2020

The issue will close on March 6. Company proposed to utilise the net fresh issue proceeds towards reduction of the aggregate outstanding borrowings.

The company plans to issue new shares worth Rs 5 billion and will offer up to 130.5 million shares for sale, the prospectus, dated February 18, showed.

A report noted that SBI is likely to raise Rs 2,780-2,880 crore with this IPO.

The offer for sale includes up to 3,72,93,371 equity shares by SBI and up to 9,32,33,427 equity shares by CA Rover Holdings.

The Rs 1,400-crore public issue was subscribed 62 percent despite extending the subscription period twice since its opening, and reducing the price band to Rs 71-77, down from Rs 72-77 earlier.

After the issue, government shareholding in the company will reduce to 74.96 percent from 90 percent.

SEBI#39;s latest move now allows investors to come to exchanges directly, just as they could go to the MFU entirely on their own.

Thanks to popularity of SIPs, individual investors now hold a higher share of MF assets at around 53 percent of total AUM as of December-end

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However, the pace of growth in folio numbers dropped in 2019 as compared to preceding three years. Industry experts attributed the trend to decline in investors account in debt oriented schemes as they were spooked by credit events in fixed income market.