Overall volumes in futures & options currently stand at 55.40 lakh contracts with a turnover of Rs. 5,29,372.26 crore.

Overall volumes in futures & options currently stand at 55.40 lakh contracts with a turnover of Rs. 5,29,372.26 crore.

Going ahead, the level of 11,400 is likely to act as a resistance level and a move beyond this level may take Nifty towards the level of 11,470. Stocks in news: Jindal Steel and Power, Orient Refractories, Bank of Baroda, Tata Motors and Reliance Industries.

Today, the markets are likely to open in high spirits as India’s core sector posted a seven-month high growth of 6.7 per cent in June. Going ahead, investors would watch out for the Reserve Bank of India’s (RBI’s) policy announcement later in the day. Other data to be watched today will be Nikkei Manufacturing PMI data for the month of July and auto companies will be in focus as they will report their sales figures. 

The operating level profit turned positive with EBITDA of Rs. 20.67 crore as against operating loss of Rs. 3.41 crore in the corresponding quarter last year. The EBITDA margin for the quarter stood at 15.1 per cent.

Supreme Industries posted stable results for Q1FY18 on a QoQ basis. The company recorded exceptional gain on selling of its unit to a newly formed JV.

The stocks that are likely to witness significant movement on the bourses on August 1 include Bank of India, Dabur, Jindal Steel and Power, Cigniti Technologies and Tata Motors.

Kriti Industries reported tepid growth in top line with strong operational performances.

The profit during the quarter stood at Rs. 179.73 crore, registering a growth of about 43 per cent as against Rs. 125.32 crore recorded in the corresponding period of the previous year. The order book position of the company as on July 1, 2018 stood at Rs. 41,645 crore.

Texmaco Rail & Engineering Limited informed the bourses that its Rail EPC division has received an order of Rs. 521 crore for Bangalore Metro Rail Project - Phase 2.