DSIJ Mindshare

Going forward, the level of 11,000 followed by 11020 may act as a resistance for the Nifty, whereas on the downside, the zone of 10,880-10,900 may act as an immediate support level for the index. Top stocks to watch today: Speciality Restaurants, Talwalkars Better Value Fitness, Lasa Supergenerics, Bajaj Corp, Om Metals Infrastructure Projects, Kalpataru Power Transmission, TCS, Torrent Pharma, HSIL, Indian Oil Corporation

Indian markets are likely to open higher, extending their gains from the previous session on the back of bullish global cues. Traders will also be getting support with IMF saying in its global growth prospects survey that Indian economy could grow at 7.4% in FY19, as against 6.7% this year, gaining pace to clock growth at 7.8% in FY20. The SGX Nifty indicates that Nifty could open at 10,996 with gains of 29 points at the opening bell.  

DHFL surged for the second day in a row, after taking support at its significant upward sloping trendline level. The company declared its Q3FY18 results on January 22 which led to an upbeat move in the stock prices.

Axis Bank reported stellar quarterly performance in the recent quarter ended December 2017. The asset-quality showed improvement and remained stable, while earnings grew robustly

Generic Engineering Construction & Project (GECPL) has recently won a project worth Rs. 69 crore, with this the total order book of the company stands at Rs. 418 crore.