DSIJ Mindshare

Overall volumes in futures & options currently stand at 3,93,12,865 contracts with a turnover of Rs.26,32,425.19 crore.

Going ahead, let us wait and watch as this rally can go beyond the 11,900-11,940 mark. Closing above the 11,940 level, which is 61.8 per cent retracement of the recent fall, will take the markets above the 12,000 mark. Currently, it is advised to avoid short positions as long as Nifty stays above the 11,820 mark. Stocks in news: Reliance Nippon Life Asset Management, Tata Motors, Balaji Telefilms, TCS, Wipro, Au Small Finance Bank, GAIL.

At the time of writing, the SGX Nifty was trading near the dotted line at 11,868 level. In today’s session, OMCs are likely to react negatively after a sharp surge in crude oil prices.

The markets closed at higher levels at the culmination of Thursday’s trading session with the Sensex rising by 1.25 per cent and Nifty50 up by 1.2 per cent. The stock that showcased dramatic gains was Jet Airways as it gained nearly 121.97 per cent!

The Board of Directors of Amara Raja Batteries have recommended a final dividend of Rs. 5.08 per equity share (representing 508 per cent) on the equity share of Rs. 1 each fully paid up for by the end of the financial year March 31, 2019.