Overall volumes in futures & options currently stand at 89.24 lakh contracts with a turnover of Rs. 8,00,356.04 crore.

Overall volumes in futures & options currently stand at 89.24 lakh contracts with a turnover of Rs. 8,00,356.04 crore.

Going ahead, Nifty is likely to see support around the level of 10,360, followed by 10,300. On the upside, the level of 10,450 is a crucial resistance zone. Stocks in the news: Havells, Asian Granito, Wipro, Bharti Airtel, Majesco, TVS Motor, Himadri Speciality Chemical and Welspun Enterprises.

Indian equity benchmarks are likely to start the session on negative note on back of weak global cues. However, traders will get some support from the report of World Bank which has projected India’s GDP to grow at 7.3% in FY19, driven by private consumption, investment and exports. The SGX Nifty is indicating that the Nifty could open with a marginal loss of 27 points around 10,403 at the opening bell.  

The stocks that are likely to witness significant movement on the bourses on March 15, Thursday are Wipro Limited, Havells India Limited, Balrampur Chini Mills Limited, Dish TV India Limited and Asian Granito India Limited.  

Strides Shasun Limited’s subsidiary Strides Pharma Global has got an approval for Efavirenz Tablets USP, 600 mg from the US drug regulator.

Following the call for about 9 crore pledged shares in the previous month, banking major Yes Bank acquired 17.31 per cent stake in health care company Fortis Healthcare on Wednesday.  

The public issue of Karda construction Limited, a Nashik-based real estate developer, will open on 16-03-2018 and closes on 21-03-2018.  The minimum market lot of the issue is 80 shares for the price range of Rs. 175-Rs. 180 per share with face value of Rs. 10 per share. The company will be listed on BSE and NSE both. The issue comprises of public issue of 43,00,000 shares out of which 23,00,000 will be fresh issue and 20,00,000 shares will be offer for sale by the promoters. The promoter holding in the company will come down to 45.5 per cent post issue versus 76 per cent pre issue

Hyderabad-based steel PSU, Mishra Dhatu Nigam or MIDHANI is set to open its Rs. 438.4 crore initial public offer for subscription next week. 

The IPO which open on Wednesday is offered at the price band of Rs. 413-428 per share, which is 10.3 to 10.7 times P/E for the company’s FY2017 earnings.