DSIJ Mindshare

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.