Overall volumes in futures & options currently stand at 95,45,329 contracts with a turnover of Rs. 6,54,635.74 crore.

In the coming session traders are advised to closely monitor the high and low (11,594-11,500) of Friday’s session as a break above or below Friday’s high or low could set the tone for the index. Stocks in news: Jindal Steel and Power, NTPC, Reliance Capital, Lakshmi Vilas Bank, Kajaria Ceramics, Cipla, Canara Bank, Punjab National Bank, Cox and Kings, Indian Overseas Bank, Tata Power.

The SGX Nifty is currently trading seven points down at 11,578 levels and this indicates insipid trade that could characterise today’s markets.

Generic Engineering Construction and Projects Limited has received two orders from Mahindra Happinest Developers Ltd. and Milagro Infrastructure Private Ltd. for a contract value of Rs. 67.41 crore and Rs. 12.88 crore respectively.

New Fund Offers (NFOs) that are open for subscription.

The stocks to look out on September 30 include Tata Power, Punjab & Sind Bank, IDBI Bank, GOCL and Mahindra & Mahindra.

L&T Finance Holdings is set to raise funds approximately of Rs. 150 crore through Cumulative Compulsorily Redeemable Non-Convertible Preference Shares (CRPS).

The recent announcements on corporate tax rate cut and GST cuts were not effective enough to boost the auto stocks. In fact, the auto stocks continue to decline as, currently, there isn’t any major initiative announced by the government, particularly for the auto sector.

As the market reversed its trend to downside, pharma and auto stocks led the losses in Friday’s trading session. While auto stocks fell amid concerns about sales growth, the pharma stocks had to face the brunt of drug quality, triggered by suspension of ranitidine hydrochloric drug.

The currency appreciation is positive for the overall sentiment of the markets. Strong currency and decline in crude oil prices will be key drivers for the markets going ahead.