DSIJ Mindshare

Arbitrage funds buys shares in cash segment and sell the futures for the same company in the derivative markets as long as they are trading at a reasonable premium. 

Overall volumes in futures & options currently stand at 38.91 lakh contracts with a turnover of Rs. 3,52,935.77 crore.

Going forward, the zone of 10,980-11,000 is a crucial support zone for the index. On the upside, Nifty reacted from the day’s high, i.e. 11,121, and this level may act as a resistance, followed by 11,172. Top stocks to watch out: BEL, KPIT, Syndicate Bank, MIRC Electronics, Welspun Enterprises, Bajaj Auto, Tube Investments of India and Mahindra and Mahindra. 

Key Indian equity indices may open significantly lower as the Asian markets are under pressure in early trading as also due to the overnight fall on the Wall Street. The SGX Nifty indicates that the Nifty may open at 11,012 with a loss of 54 points. 

The company's PAT for the quarter stood at Rs 429.87 crore, an increase of 22.1% YoY. This increase was due to other income, which almost doubled to Rs 35.9 crore from Rs 18.9 crore in Q3FY17.