DSIJ Mindshare

Overall volumes in futures & options currently stand at 2.30 crore contracts with a turnover of Rs. 14,77,021.36 crore.

Going ahead, Tuesday’s session panic low of 10,729 is likely to act as a support level. In today’s session, volatility is likely to be embedded, given the geopolitical tensions, expiry of the current derivative series and the release of GDP data.  Stocks in news: Tata Metaliks, ARSS Infrastructure Projects, Wipro, Vascon Engineers, SCI, Meghmani Organics and Varroc Engineering.

In early action, SGX Nifty indicates that the Indian markets may start with a modest uptick. The Nifty is expected to open around 10,833, up by 30 points. However, given the geopolitical tensions and expiry of February series future & options contracts, the markets are more likely to remain on tenterhooks and volatility is likely to be elevated. On the macro front, gaining attention of market participants will be India’s GDP figures. 

Home insurance is not on the priority list of Indians, however, it is always advisable to take home insurance as it acts as a backup in case things go wrong

The stocks that are likely to witness significant movement on the bourses on February 28 are ARSS Infrastructure, Syndicate Bank, Dilip Buildcon, Pennar Engineering Building Systems and Hindustan Petroleum.