DSIJ Mindshare

In the coming session, we believe the low of ‘high wave candle’ i.e. 10,879 is a crucial support and a follow through move below this level may trigger further sell-off up to levels of 10,800. On the other hand, the level of 11,121 would be a crucial level to watch out for and any follow through move above this level would once again open the gates for all-time high levels. Top stocks to watch out: Lupin, Info Edge, Grasim Industries, Zee Media, Gammon Infra and Hinduja Ventures.

The benchmarks indices are likely to make a pessimistic start on weak global cues. The SGX Nifty indicates that the Nifty may open significantly lower at 10,931 with losses of 117 points.  

The proposed dividend distribution tax in the Union Budget 2018 will promote growth option of mutual funds.

Bajaj Finance Limited reported its Q3FY18 results on Thursday. The earnings for the quarter reported steady improvement in overall AUM and robust bottom-line growth.