DSIJ Mindshare

Overall volumes in futures & options currently stand at 1.54 crore contracts with a turnover of Rs. 10,54,523.93 crore.

The gap area (11,705- 11732) of April 16, 2019, is now likely to act as a strong support zone for the index, and as long as Nifty trades above this gap area, it will trade with a positive bias. On the upside, a follow-up move above Tuesday’s high of 11,811 would open up for further upside towards the level of 11,900. Stocks in news: Quess Corp, Jet Airways, Ashoka Buildcon, Intellect Design Arena, Reliance Industries, Cipla, Eris Lifesciences, Bandhan Bank, Cadila Healthcare, Hindalco Industries.

The Indian markets saw a fantastic finish on Tuesday with the key benchmark indices hitting record closing highs. The Thursday's session may open with the bulls taking a breather and the session may open on a flat note as cues from global peers are subdued. However, market participants may follow the mantra of buy on dips on Dalal Street today and any dip towards the Tuesday’s gap area would be eyed as a buying opportunity. At the time of writing, SGX Nifty was trading at 11,852, up by 3 points. The quarterly numbers on tap are Reliance Industries, DCB Bank, Tata Sponge, RBL Bank and ICICI GI. On the general election front, the voting for second phase of the Lok Sabha 2019 has started.

For the period ended March 31, 2019, Q4FY19, the total income stood at Rs. 2,189 Lakhs for the quarter, up 16 per cent q-o-q, and Rs 6,264 Lakhs for the year, up 219 per cent YoY. Net loss stood at Rs 33 Lakhs for the quarter, down 91 per cent QoQ, and Rs 1,657 Lakhs for the year, down 35 per cent YoY.

The software company reported 18 per cent YoY revenue growth and crossed US$1 billion in annual revenue. To celebrate the same, the company's board has recommended a special dividend of Rs. 20 per share.