Kridhan Infra Limited's Singapore-based subsidiary Swee Hong Limited (SHL) has successfully won an order for construction of Link Sewers for the DTSS Phase 2 Project from the Public Utilities Board, Singapore. The project is worth Rs. 195 crore (SG$37.2 million).

Overall volumes in futures & options currently stand at 86.55 lakh contracts with a turnover of Rs. 5,08,453.47 crore.

Overall volumes in futures & options currently stand at 86.55 lakh contracts with a turnover of Rs. 5,08,453.47 crore.

The Bollinger Band Squeeze occurs when volatility falls to low levels and the Bollinger Bands narrow. A volatility contraction or narrowing of the bands can foreshadow a significant advance or decline.

On November 14, 2018, Bank Nifty came out of weekly contracting consolidation zone. On the weekly time frame, the index formed bullish candle carrying long lower shadow as on week ended November 16, 2018, and for the first time, it has closed above the 21-week exponential moving average (EMA) after September 21, 2018.

Going forward, the zone of 10,850-10,860 is likely to act as a stiff hurdle for the Nifty as the level of 10,858 is an upper gap hurdle. On the other hand, the level of 10,710 is likely to act as an immediate support level. Stocks in news: Kridhan Infra, Oil India, NMDC, PSP Projects, HEG, Usha Martin and Yes Bank.

Indian markets are expected to halt their three-day winning streak following the negative lead overnight from the Wall Street and turbulence in the Asian markets. The RBI board meeting ended on a cordial note. The SGX Nifty Index Future has slipped 32 points to 10,749, indicating soft start to the day.  

Stocks most likely to witness significant movement on the bourses on November 20 are DB Corp, B. L. Kashyap & Sons, PSP Projects, Oil India and Kridhan Infra.

The shares of Surya Roshni closed 2 per cent higher in Monday’s trading session as the company announced winning orders worth Rs 59 crore from Government of Odisha Housing and Urban Department. 

The Gujarat-based construction company has won new institutional and industrial projects totalling Rs. 372.47 crore.