DSIJ Mindshare

SBI Life Insurance Company Limited's promoter BNP Paribas Cardif has initiated an offer for sale (OFS) to sell 2.5 per cent equity shares of the company through separate windows on the exchanges.

Overall volumes in futures & options currently stand at 1,15,51,582 contracts with a turnover of Rs.8,03,654.63 crore.

Overall volumes in futures & options currently stand at 1,15,51,582 contracts with a turnover of Rs.8,03,654.63 crore.

The Nifty needs to hold above the previous week’s low of 11,625 to keep the pullback options open. Let us see the price behaviour at the support level of 11,625. In this level do not hold, there is more probability of filling the gap of May 20. On the higher side, the level of 11,750 is likely to act as a resistance level. Stocks in news: Power Grid Corporation of India, Infosys, Gujarat Borosil, PEL, Sunteck Realty, SBI Life Insurance Company, RITES, Emami.

The outlook for the day is a flat start and indices could remain subdued initially on the back of mixed cues from the global markets. At the time of writing, SGX Nifty was up by 12 points at 11,728 level.