DSIJ Mindshare

Overall volumes in futures & options currently stand at 3.06 crore contracts with a turnover of Rs. 17,48,184.90 crore.

Going ahead, the zone of 10,910-10,950 will continue to act as a strong resistance zone and a move beyond this zone will be important for the market to achieve a sustainable breakout. Stocks in news: Aurobindo Pharma, Axis Bank, Jet Airways, Suyog Telematics, Great Eastern Shipping and UCO Bank.

Indian equities markets are expected to continue their positive momentum in early deals on the back of optimistic cues from the global peers. The SGX Nifty indicates Nifty to open with a gap-up at 10,978, up by 0.53 per cent. The index bellwether Reliance Industries is likely to be in focus with it latest quarter results as it becomes the first Indian company to scale Rs 10,000 crore quarterly profits. Major earnings on tap for today will be ICICI GI, LTI, NIIT Tech, SBI Life, Wipro.   

Generally, if the promoters' stake has increased, then it provides a sign of confidence of the promoters in the business. On the other hand, if promoters' stake has decreased, it is not a healthy sign.

The S&P BSE Large-Cap index has struggled in the last one year and currently it has settled at the same level where it was one year back at 4223. It had touched 52-week high of 4573.03 on September 3, 2018, and 52-week low of 3867.52 on October 26, 2018.