DSIJ Mindshare

Overall volumes in futures & options currently stand at 59.04 lakh contracts with a turnover of Rs. 5,22,640.99 crore.

Equity markets are expected to open flat and take a breather after registering a scintillating rally in the last 3-4 trading sessions. Additionally, the Asian peers are trading in a capped range in the trade today. The SGX Nifty is pointing that Nifty may open flat at 10,425.  

On the upside, Nifty has strong resistance placed in the region of 10,440-10,450, and both the 50-SMA and 100-SMA stand at 10,438. Stocks in the news: Lemon Tree Hotels, Infosys, Dr Reddy Laboratories, HFCL, Oricon Enterprises and Star Cement.

The exchange’s daily trading turnover in the derivatives segment crossed the Rs 3,257 crore (USD 500 million) level during the trade.

Country’s third largest private sector bank, Axis Bank surged 5 per cent plus from its previous close, after Board trimmed CEO Shikha Sharma's tenure to 7 months from three years of reappointment. Axis Bank is off its upward sloping trendline support level and is heading northwards.