On daily time frame, the stock had formed bullish engulfing candle, which suggests bulls are taking control near long-term trendline.

Indian benchmark indices regain what they lost in Tuesday's trading session. The indices were upbeat since early trade on Wednesday with BSE Sensex at 36,279.72, up by 306.01 points or 0.85 per cent and Nifty50 at 10,914.50, up by 79.20 points or 0.73 per cent.

Overall volumes in futures & options currently stand at 1.88 crore contracts with a turnover of Rs. 11,90,981.27 crore.

Overall volumes in futures & options currently stand at 1.88 crore contracts with a turnover of Rs. 11,90,981.27 crore.

The stock REC Limited forms opening bullish marubozu candle above horizontal trendline in the daily time frame, this suggests that the bulls were in the dominant position.

Going ahead, it is important for the index to get past the identical top of the last two trading sessions at 10,887-10,889. Once Nifty sustains above this resistance zone, we believe it will move towards the zone of 10,950-10,965. Stocks in news: Bharat Financial Inclusion, Unichem Laboratories, Tata Steel, MRF, ONGC, Bank of Maharashtra, GMR Infrastructure and Time Technoplast.

Although Asian peers looking in a good shape in early trading, Indian markets are likely to open with modest gains. At the time of writing SGX Nifty was trading higher by 36 points at 10,859 level.   

S Chand along with its wholly-owned subsidiary Eurasia acquired the remaining 26 per cent stake in Chhaya Prakashani, a company in which it holds majority stakes.

The board of directors of Varun Beverage approved fundraising of upto Rs. 1,500 crore through Qualified Institutions Placement (QIP) but its subject to the approval of shareholders in the Annual General Meeting which is to be held on April 17, 2019. 

Intellect Design Arena Limited (IDAL) bagged a substantial multi-million destiny deal from Emirates NBD.