DSIJ Mindshare

Overall volumes in futures & options currently stand at 1.79 crore contracts with a turnover of Rs. 11,19,139.26 crore.

Going ahead, it would be important for the index to defend the 10,580 level as any breach of this level will result in some instability for the very near term. Stocks in news: Bharti Airtel, 63 Moons Technologies, Talwalkars Better Value Fitness, Cadila Healthcare and Ajanta Pharma.

Indian markets look set to open on a firm note on Thursday following strong global cues and as the FOMC statement was deemed to be fully dovish on the US monetary policy. However, as the day progresses, volatility too is likely to remain ingrained in the session on account of January F&O expiry. The SGX Nifty indicates Nifty is likely to open with a gain of 67 points above the 10,700 mark. Bharti Airtel, Chambal Fertilizers, Dabur, Hero Motocorp, Indiabulls Housing Finance, NMDC, Power Grid, Petronet, UPL, VGuard will declare their results today. 

Chalet Hotels (CHL), part of the K. Raheja Corp, which was incorporated in 1956 and has 60 years of experience in residential development, is entering the capital market to raise Rs. 1,641 crore

The following stocks would be in focus during Thursday’s trading session in light of their results announcement on January 31: Dabur, Hero Motocorp, Emami, UPL and Indiabulls Housing Finance.