DSIJ Mindshare

Overall volumes in futures & options currently stand at 62.51 lakh contracts with a turnover of Rs. 5,28,108.82 crore.

Going ahead, the zone of 10,380-10,400 is a crucial support level for the Nifty because, firstly, the 100-day EMA is placed in this region and, secondly, a trendline formed by joining lows of September 28, 2017 and December, 6, 2017 is placed around the 10,380-mark. Top stocks for the day: Oil India, Cadila Healthcare, Capacite Infraprojects, Ajanta Pharma, Tata Power, Bharati Defence and Infrastructure, Pidilite Industries, ONGC, NMDC, Dredging Corp, UCO Bank and Tata Motors.

Indian markets are likely to make a flat to positive start on the back of flat trading seen among Asian peers. The SGX Nifty suggests that the Nifty could open up by 26 points at 10,483 at opening bell.  

It is estimated that there are around 20-22 crore businesses and other entities in India that have dubious identities and are engaged in dubious transactions. The move to introduce PAN as a unique identity for these entities will bring them under the purview of the government authorities. 

The fact that the Indian banking system has been beset with the problem of a huge pile-up of corporate bad debts is a matter of grave concern. The gravity of the problem is evident from the fact that at the end of September 2017, the total GNPAs in the Indian banking system was a whopping Rs 8,36,782 crore.