Overall volumes in futures & options currently stand at 1.40 crore contracts with a turnover of Rs. 8,34,692.34 crore.

The index had surged over 600 points from the lows witnessed on December 11 and the present structure on the chart looks slightly overstretched, and hence, we may see some consolidation. In case of consolidation, the zone of 10,870-10,880 is likely to act as a support level.  Stocks in news: Orient Electric, Alembic Pharmaceuticals, Endurance Technologies, Om Metals Infraprojects, TCS, Pfizer, KPIT Technologies, Cosmo Films and Canara Bank.

Indian markets are likely to witness a gap-down opening as the cues from global markets are depressing. The SGX Nifty indicates Nifty could open around the level of 10,895 with loss of 0.82 per cent.   

KEC International has won orders across multiple business arms accumulating to Rs. 1,491 crore.

The stocks most likely to witness significant movement on the bourses on December 20 are KEC international, Tata Teleservices, Premier Explosives, Dabur India and Tata Steel.

Shares of Strides Pharma traded in positive in early trade on Wednesday as the company is set to receive US$42 million from Agila transaction.

The shares of Tata Teleservices (Maharashtra) rose 20 per cent after the National Company Law Tribunal (NCLT) sanctioned a merger between the company and Airtel.

To propel its digital initiative, Karnataka Bank entered into a strategic partnership with Paisabazaar.com, wherein it will use their platform to offer its home loan products to customers.

The shares of Mishra Dhatu Nigam Limited (MIDHANI) rose as high as 5.96 per cent after the company finalized an order worth Rs. 600 crore. The contract pertaining to the same will be signed shortly.