If Nifty fails to cross the 50-DMA convincingly, do not be surprised if bears come back to haunt at D-Street. However, a sustainable move above 50-DMA is likely to open up room for further upside towards 12,240 in the short-term. Stocks in news: NIIT, GAIL, Sterlite Technologies, Infibeam Avenues.

Indian markets may open on a cautious note on Thursday and could see some volatile moves as the day progress on the back of weekly option expiry and also, a long weekend coming up. SGX Nifty is indicating a flat to negative start as its down by almost 40 points and trading at 12,106 levels.

The stock of NIIT Limited has given a downward sloping trendline breakout on Wednesday, formed by connecting swing highs from April 2018. The breakout was supported by strong volumes. 

Man Industries (India) announced that it has received a new export order of around Rs 300 crore from Middle East and North Africa (MENA) region.

Sensex rebounded today after a loss of four days and ended Wednesday’s trading session above 428 points at 41,323.00, up by 1.05 per cent while, Nifty also traded in green and closed at 12,130.30, up by 1.15 per cent.

Nelco, a Tata enterprise has entered into a partnership with Panasonic Avionics Corporation for offering aero In-Flight Communication (IFC) services in India. Nelco is the first Indian company to provide this service, marking the beginning of a new era of Wi-Fi on aircrafts in Indian skies.

On Wednesday, ARSS Infrastructure informed the bourses that it has received a work order worth Rs 130.09 crore by Rail Vikas Nigam Limited (RVNL). The company further announced that they have also received a Letter of Acceptance (LoA) for the same.

SpiceJet, a low-cost airline, is planning to launch 20 new flights on its domestic routes, including some services under the government's regional connectivity scheme, ‘Ude Desh Ka Aam Naagrik’ (UDAN), from the second-half of next month as part of the airline's summer schedule.

On Wednesday, Trigyn announced that the wholly-owned subsidiary of the company, Trigyn Technologies Ltd (TTL), has been awarded a contract to provide IT Technical Resource Augmentation Services by Ontario Education Collaborative Marketplace (OECM) located in the east and west geographical zones of Ontario.

Jindal Stainless Limited (JSL), India’s largest stainless steel manufacturing company, has successfully completed level-two process automation for its Argon Oxygen Decarburisation (AOD) converter at its Jajpur (Odisha) plant.