Overall volumes in futures & options currently stand at 1.96 crore contracts with a turnover of Rs. 10,53,926.14 crore.

Going ahead, the positive momentum is likely to continue, but the index is expected to face resistance in the zone of 10,410-10,440 as this is the confluence of the downward gap seen on October 19 and 61.8 per cent retracement on the recent downmove. On the downside, the level of 10,275 is likely to act as a strong support for the index. Stocks in news: Eicher Motors, Va Tech Wabag, Lemon Tree Hotels and Shriram EPC.

The stock markets in India are expected to kick-off the new month on an optimistic note as cues from Asian peers are strong and Wall Street's robust close overnight. A positive trend in the SGX Nifty index future, which was trading at 10,424, up by 38 points, also indicated positive opening. In a boost to the Modi government, India moved to the 77^th rank on World Bank’s annual ranking of ease of doing business.

KSB Ltd. reported its results for the quarter ended September 30, 2018  after  market hours today. The standalone numbers were largely  good as compared to the same period last year.

Vedanta reported its second quarter numbers of FY19. Its consolidated revenue for the quarter stood at Rs. 22,705 crore, which represent an increase of 5 per cent YoY. 

HI-Tech Gears Ltd reported its results for the quarter ended September 30, 2018, after market hours today. HI-Tech Gears Limited's standalone revenue for the quarter came in at Rs. 178.23 crore.

On the last trading day of October, the Indian equities market's breadth closed in favour of advances with an advance-decline ratio at 2:1. The BSE Sensex closed at 34,442.05, up by 550.92 points or 1.63 per cent, while the broader benchmark index Nifty50 closed at 10,386 level, up by 1.85 per cent. 

The sales mix for Q2FY19 comprises of North America (32 per cent), India (31 per cent), APAC (16 per cent), EMEA (7 per cent), LATAM (4 per cent) and ROW (1 per cent) and API (9 per cent).

The company has witnessed a strong growth of 46 per cent, with order wins worth Rs. 41,921 crore at the group level during the quarter led by pick-up in domestic ordering activity. The consolidated order book stood at Rs. 281,166 crore as at September 30, 2018.

The company on Wednesday reported its Q2FY19 earnings.