India's leading exchange BSE launched cross-currency derivatives and cross rupee options on Tuesday. On day one, the exchange took pole position with Rs. 1,098 crore turnover in cross currency derivatives.

The markets on February 28 opened down. BSE Sensex is trading at 34,178.34, down by 168.05 points and the Nifty is trading at 10,494.90, down by 59.40 points.

International credit rating agency Moody's Investors Service on Wednesday prognosticated Indian Economy to grow at 7.6 per cent in the ongoing calendar year and at 7.5 per cent next year in 2019.

Lower beta determines the lower volatility with respect to the market as well as higher alpha gives us an indication of higher performance against the respective benchmark. 

The assets of distressed cement maker Binani Cement are expected to be bought by an investor group lead by Dalmia Bharat and backed by Bain Capital. The group has offered 20 per cent stakes to the lenders of Binani Cement who have dragged the company to the insolvency court.

Overall volumes in futures & options currently stand at 61.22 lakh contracts with a turnover of Rs. 5,55,470.88 crore.

Overall volumes in futures & options currently stand at 61.22 lakh contracts with a turnover of Rs. 5,55,470.88 crore.

Going ahead, the level of 10,500 followed by 10,430 is a crucial support for the index. Top stocks to watch out today: Spice Mobility, Kridhan Infra, ABC India, Indiabulls Housing Finance, Cipla, DLF, HDFC, Larsen and Toubro Infotech, Sadbhav Infrastructure, Bharat Forge, Atlas Cycle and Sona Koyo.

Indian markets are expected to open lower as leads from the global markets are weak. The SGX Nifty is indicating that the Nifty could open down by 58 points around 10,504 at the opening bell. A slew of key data,  including Nikkei Indian Manufacturing PMI for February and GDP numbers, are going to be released today and traders will keep a close watch on these.  

The share price of Sagar Cements recorded a sharp hike of 2 per cent during Tuesday’s trade as the company announced that its board has approved the acquisition of two mini hydel power plants in Andhra Pradesh.