DSIJ Mindshare

Overall volumes in futures & options currently stand at 64.60 lakh contracts with a turnover of Rs. 4,05,111.45 crore.

Overall volumes in futures & options currently stand at 64.60 lakh contracts with a turnover of Rs. 4,05,111.45 crore.

Since the last leg of February, we had seen the index confined in a trading range of about 220 points, i.e. 10,720-10,940. Going ahead, only a sustainable move in either direction would lead to some trending move. Till then, the index will remain in a trendless trajectory and we would recommend looking at a stock-specific approach. Stocks in news: HFCL, Jet Airways, JSW Steel, Tata Motors, Indian Hume Pipe, Karnataka Bank, BHEL, Reliance Industries and Kolte-Patil Developers.

Following an extended weekend, Indian markets would open on Tuesday under pressure on the backdrop of dampened global cues and also some media reports suggesting that President Donald Trump plans to end key trade preference for India. At the time of writing, the SGX Nifty was trading down by 10 points at the level of 10,838. In the economic data, market participants will look forward to the release of Nikkei Services PMI for the month of February which is due today.

Himatsingka Seide today informed the bourses that it has entered into a licensing agreement with the Iconix Brand Group for the Royal Velvet brand. This agreement will provide the exclusive licensing rights to the Royal Velvet brand for the territory of North America.