DSIJ Mindshare

Overall volumes in futures & options currently stand at 80.37 lakh contracts with a turnover of Rs. 7,26,957.69 crore.

Going ahead, the levels of 10,550-10,560 would be seen as immediate hurdle, followed by 10,620 and unless index does not climb this wall, we are likely to see volatile movement with a negative bias. On the lower side, 10,440 remains to be a crucial support level and a move beyond 10,440 would extend the correction up to the levels of 10,400-10,370.  Stocks to watch out: SRF, Corporation Bank, SML Isuzu, CG Power, Piramal Enterprises, Prestige Estate, Union Bank of India, Dilip Buildcon and 3i Infotech.

The outlook for the day is a positive opening, but sustaining the good start would be crucial, as we had seen in the overnight trade that the US markets had failed to hold on to a good start. The SGX Nifty suggests that the Nifty could open higher by 40 points at 10,491 at opening bell.  

The stocks that are expected to record a significant movement on the bourses on February 8, 2018 are Shriram Transport Finance Company Limited, Reliance Infrastructure Limited (Rinfra), Dilip Buildcon Limited, VIP Clothing Limited and Quick Heal Technologies Limited.     

Caplin Point Laboratories consolidated revenue for the quarter came in at Rs. 141.6 crore, registering 37.9 per cent yoy increase and 8 per cent qoq increase