Overall volumes in futures & options currently stand at 1.35 crore contracts with a turnover of Rs. 8,41,769.57 crore.

Overall volumes in futures & options currently stand at 1.35 crore contracts with a turnover of Rs. 8,41,769.57 crore.

Going ahead, we expect the momentum to continue in the index, but on the way up, the index may face immediate resistance around the level of 11,050, followed by 11,090. Stocks in news: Quick Heal Technologies, Grasim Industries, Sterlite Technologies, Bharti Airtel, Newgen Software Technologies and Karur Vysya Bank.

The outlook for the day is a positive start; however, the big question for the day is to get onboard the bus or to alight it. For the current momentum to sustain, Nifty index needs to sustain above its crucial 200-day moving average and, on the higher side, it needs to decisively close above the 11,090 mark. At the time of writing, SGX Nifty was trading with modest gains of 24 points at 11,057.50.   

Sterlite Tech has launched TruRibbon – Ribbon Reinvented at the Optical Networking and Communication Conference (OFC2019) at California. TruRibbon is a fully backward compatible ribbon cable.

Zydus Cadila has received the approval from the US Food and Drug Administration (USFDA) to market Rivastigmine Transdermal System.

Steel Strip Wheel Limited, a Chandigarh-based company, informed that the company's Mehsana Alloy wheel plant secured an order for 1.85 million wheels.

Reliance Infrastructure Limited informed that it has received Letter of Acceptance (LOA) for construction of airport in Rajkot, Gujarat.

KPI Global Infrastructure has secured three orders totalling 1,091.25 KW for executing solar power project under Captive Power Producer (CPP) category. 

The benchmark BSE Sensex was marching northwards at 36,439.50, up by 375.69 or 1.04 per cent while approaching the last half hour of trade on Tuesday, while Nifty50 was trading just shy of 11,000 level. The banking and auto sector stocks were supporting the uptrend in the market.