DSIJ Mindshare

Overall volumes in futures & options currently stand at 1.45 crore contracts with a turnover of Rs. 8,98,683.35 crore.

Escorts Ltd. reported its results for the quarter ended December 31, 2018 after  market hours yesterday . The standalone numbers were largely positive with strong top line growth and stable sales volume. 

The company has agreed to divest its SPV in a phased manner to Cube Highways. The divestment of the Hybrid Annuity Model (HAM) project is expected to fetch the company Rs. 73 crore.

Going ahead, the level of 10,600 is likely to act as a support level, followed by 10,550. Stocks in news: TV18 Broadcast, Newgen Software Technologies, Sharon Bio-Medicine, Persistent Systems and Hubtown.

The Indian markets are likely to open soft on the back of weak cues from Asian peers and depressing close on Wall Street overnight. The SGX Nifty indicates Nifty is likely to open around 10,662, down by 25 points. Some of the key companies such as Axis Bank, Bajaj Finserv, Bajaj Finance, Bank of Baroda, Bharat Financial, Godrej CP, HCL Tech, HDFC, MGL, STAR will report their earnings today.