DSIJ Mindshare

Overall volumes in futures & options currently stand at 1.15 crore contracts with a turnover of Rs. 9,32,469.84 crore.

Overall volumes in futures & options currently stand at 1.15 crore contracts with a turnover of Rs. 9,32,469.84 crore.

Key benchmark indices are expected to extend their gains on Tuesday tracking firm global cues. It will be important to see how Nifty behaves near the 200-day SMA, which stands around 10,173. The SGX Nifty is pointing that Nifty may open around 10,167.  

Nifty could face resistance around 10,173 which is its 200-day SMA, but if it sustains above the 200-day SMA in the next few sessions, it could possibly lead to a continuation of the upside bounce up to the 10,230 level. Stocks in the news: Reliance Infrastructure, Cipla, Tata Metaliks, KNR Constructions, Mindtree, Punj Llyod, PFC, KEC International, Adani Enterprises, Dilip Buildcon, Wipro, MCX and Capital First.

This merger is likely to help state-run sick company STC. STC is reporting losses from the fiscal year 2011 till date.