Overall volumes in futures & options currently stand at 2,34,67,588 contracts with a turnover of Rs. 15,13,497.60 crore.

The stock of Cholamandalam Investment and Finance Company Ltd. (CHOLAFIN) has formed Three Outside Up candlestick pattern on the daily time frame.

We believe the index would continue this positive momentum and would gradually move towards the zone of 11,180-11,200 in the coming days as it is the confluence of the last three week’s high placed at 11,181 and the 200-DMA (11,200).  Stocks in news: Kingfa Science & Technology, Sastasundar Ventures, Bank of Baroda, Pidilite Industries, Kamdhenu.

At the time of writing, SGX was trading with gains of 52 points at the 11,104 level.

The stocks to watch out on August 27 include Sastasundar Ventures, Kamdhenu, Lupin, B. L. Kashyap and Sons and Pidilite.

The shares of Adani Ports jumped nearly 6 per cent as market participants cheered company’s announcement of buy back of its equity shares from September 6.

Lupin Limited announced that its subsidiary in South Africa ‘Pharma Dynamics’ has signed a Commercial Agreement with Creso Pharma (Creso) for the hemp oil based cannaQIX. Creso has bestowed Pharma Dynamics with sole distribution rights of its organic, broad spectrum hemp oil nutraceutical, cannaQIX 10, across South Africa, Namibia, Botswana, Zimbabwe, Swaziland, Lesotho, Angola, Mozambique and Uganda.

The stock had formed a Morning Doji Star candlestick pattern on Monday.

Shares of Capacite Infra surged more than 11 per cent after the company clarified that no irregularities were found post income tax search.

Registering a stupendous 2 per cent gain, the benchmark indices recovered as the central government announced the rollback of FPIs surcharge, a fiscal package for state-owned banks and stimulus for auto sector to revive the economy on Friday.