DSIJ Mindshare

All stock exchange and clearing corporation have jointly decided to extend the deadline for the mandatory shift to an interoperable framework by July 1, 2019. SEBI had laid down the guideline for the interoperable framework in November 2018.

We expect the level of 12,000, followed by 12,041, to act as a stiff resistance for the Nifty, while the Monday session's low of 11,812 is likely to act as an immediate support level for the Nifty. Stocks in news: IRB Infrastructure Developers, Karur Vysya Bank.

At the time of writing, SGX Nifty was trading at 11,907, down by 22 points. Adani Enterprises, Adani Power, BEL, Cadila Healthcare, Glenmark, Havells, IDFC, NBCC, PFC and Power Grid are among the results scheduled for the day.

Leading public sector bank Punjab National Bank (PNB) posted surprise losses for the March quarter of FY19 owing to higher provisions. The bank's asset quality improved in Q4 and so did the provision coverage ratio.

The stocks that are likely to witness significant movement on the bourses on May 29 are Spice Jet, Hindustan Copper, Sakthi Sugar, Zydus Wellness and Tech Mahindra.