ITC, engaged majorly in cigarette making zooms more than 5 per cent in Friday’s trade after it posted robust Q1 results on Thursday post market hours.The stock witnessed a breakout in a range of 250 to 290 depicted by a significant Bullish Candle, huge volumes and 14-period RSI surge from 53 to 71 on weekly time frame.

The company will acquire the global aluminium player for US$ 2.58 billion through its wholly-owned subsidiary Novelis Incorporated.

Overall volumes in futures & options currently stand at 1.87 crore contracts with a turnover of Rs. 17,81,228.45 crore.

Overall volumes in futures & options currently stand at 1.87 crore contracts with a turnover of Rs. 17,81,228.45 crore.

Going ahead, the level of 11,185 would act as an immediate resistance level and a sustainable move above this hurdle could have a further positive impact on the Nifty, in which case, the level of 11,235 could act as the next resistance level. Stocks in news: Adani Port, Hindalco Industries, Thermax, IFB Industries, Poddar Housing and Development and JSW Steel. 

Indian markets may witness a modestly positive opening. The SGX Nifty, which was trading up by 27 points at 11,250, indicated that domestic bourses may open with an uptick at the opening bell. Among Nifty 50 companies, HCL Tech, ICICI Bank and Reliance Industries are set to declare their results today.  

Market regulator SEBI called up a meeting of mutual fund trustees on Wednesday. The meeting hauled up the independent trustees and ordered them to ensure high corporate governance standards. Independent trustees are considered to be the first level regulators for ensuring the corporate governance

EBITDA for the quarter rose by 115.6 per cent yoy to Rs. 80.4 crore with a corresponding margin expansion of 462 bps. EBITDA margin for the quarter stood at 9 per cent.

The automaker's domestic sales grew by 25.9 per cent whereas exports grew marginally by 1.9 per cent on yoy basis. The company has witnessed 24.3 per cent rise in sales volumes during the quarter.

Asset allocation is the first step in your financial planning, you need to keep track of your investments and rebalance it to get the desired performance.