The markets on March 28, 2019 opened gap up. BSE Sensex is trading at 38,349.69, up by 216.81 points and the Nifty is trading at 11,517.65, up by 72.60 points. 

The capital ratios of Allahabad Bank are well on their way to significant improvement, owing to the fundraising activities of the company combined with the capital infusion by the government.

The stock was buzzing on Thursday as the market was rife with discussions that the company might undertake a majority stake sale deal. The stock was trading near its 10 per cent upper circuit limit.

Overall volumes in futures & options currently stand at 2.54 crore contracts with a turnover of Rs. 17,20,336.52 crore.

Overall volumes in futures & options currently stand at 2.54 crore contracts with a turnover of Rs. 17,20,336.52 crore.

ICICI Prudential Life Insurance company received a positive response from non-retail investors to the offer for sale (OFS) issue by promoters. The offer for sale was subscribed 3.96 times on Tuesday.

The zone of 11,550-11,572 is likely to act as a stiff resistance for the Nifty and any fresh and sustainable upmove is likely to emerge only as soon as this resistance zone is taken out. Till then, there is a possibility of Nifty once again consolidating with limited upside, while on the downside, the swing low of 11,311 is a crucial support for the bulls and a breach of this support would invite selling pressure. Stock in news: NELCO, DFM Foods, Welspun Corp, NBCC, M&M Financial, Godrej Agrovet.

Indian markets are expected to open a tad lower on Thursday as the global sentiments are weak. The US government's debt yields added to a steep decline in March as the yield on the closely monitored 10-year treasury note dipped to a 14-month low and the US yield curve is only exacerbating matters by inverting. However, there seems to be good news from the weather office as the IMD has predicted robust monsoon in 2019 provided there is no unexpected El Nino phenomenon. Volatility is likely to be elevated in today’s session on the back of March series derivatives expiry. At the time of writing, the SGX Nifty was trading lower by 35 points at 11,411.

Countries largest integrated power company Tata Power informed that it has got an approval from MERC for distribution and generation of 700 MW power.