DSIJ Mindshare

Competition Commission of India (CCI) has slashed fine of total Rs. 215 crore on zinc-carbon battery makers for forming cartel and colluding fix prices for their products. The penalised battery makers included Eveready Industries, Indo-National and Panasonic Energy India Limited.

Overall volumes in futures & options currently stand at 1.28 crore contracts with a turnover of Rs. 12,15,965.45 crore.

In-line with the banks international expansion plan, Yes Bank receives RBI approval to open two representative branches in London and Singapore. The bank has an office in Abu Dhabi.

Going ahead, the level of 10,600 will act as an immediate resistance, followed by 10,630. On the downside, Tuesday session's low of 10,495 would act as a crucial support level, and as a long as Nifty manages to hold this support level, it is likely to reclaim the level of 10,631, which is the high of February 27, 2018.  Stocks in the news: JB Chemicals and Pharmaceuticals, Lasa Supergenerics, Info Edge, Kakatiya Cement, Indian Metal and Ferro Alloys, Mahindra and Mahindra and Religare Enterprises.

Indian benchmark indices are likely to open with modest losses as cues from Asian peers are mixed. The SGX Nifty is pointing that Nifty may open with loss of 35 points at 10,553.