DSIJ Mindshare

Tata Steel may get access to the assets of Bhushan Steel as the company is identified as highest bidder by the Committee of Creditors. Bhushan Steel owes Rs. 45,000 crore to the banks.

Overall volumes in futures & options currently stand at 98.78 lakh contracts with a turnover of Rs.  8,70,651.46 crore.

Overall volumes in futures & options currently stand at 98.78 lakh contracts with a turnover of Rs.  8,70,651.46 crore.

Going ahead, the level of 10,120-10,140 will act as an immediate support zone for the Nifty. However, a decisive breach of this zone may lead to further weakness, in which case it may test the low of 10,075 reached during the panic of Gujarat election results. Stocks in the news: Cadila Healthcare, SBI, Hero Motocorp, Pidilite Industries, Nitco, Torrent Power, Marico, Coal India, Stride Shasun, JSW Steel, Sanghi Industries, Gayatri Projects and Bharti Airtel.

Indian equity benchmarks are expected to witness a mildly positive opening as cues from Asian peers are supportive. However, the bigger question is will the market be able to sustain the initial gains or will it be just a dead cat bounce. The SGX Nifty is indicating that the Nifty could open marginally positive around 10,214 at the opening bell.