DSIJ Mindshare

The stock of Shilpa Medicare surged 10 per cent in early trade on Monday. The stock was buzzing following an update on a recent USFDA inspection of its Telangana facility.

Overall volumes in futures & options currently stand at 70.73 lakh contracts with a turnover of Rs. 5,88,936.11 crore.

Overall volumes in futures & options currently stand at 70.73 lakh contracts with a turnover of Rs. 5,88,936.11 crore.

Traders will keep an eye on 200-SMA, which is placed near 10,158, as a decisive move below this vital level would reinforce selling pressure in the markets and could pave the way for the bears as the index may slip to test the level of 10,090, followed by 10,000. Stocks in the news: ENIL, DB Realty, Thermax, UPL, ZEEL, Grasim Industries, Ramky Infrastructure and Cadila Healthcare

Today, India markets may open the session on a pessimistic note tracking weak global cues. The SGX Nifty is indicating that the Nifty could open with a loss of 18 points around 10,216 at the opening bell. Traders will keep an eye on the 200-SMA on the daily chart of Nifty, which it is placed around the level of 10,158. In the last instance, we saw Nifty bouncing back from its 200-SMA, so this will be a crucial level to watch out for in today’s trade.