DSIJ Mindshare

Overall volumes in futures & options currently stand at 1,71,63,685 contracts with a turnover of Rs.11,74,332.30 crore.

Overall volumes in futures & options currently stand at 1,71,63,685 contracts with a turnover of Rs.11,74,332.30 crore.

As long as the index manages to defend its 50-DMA, a technical pullback cannot be ruled out. In case it fails to hold and stays below the 50-DMA (11,681), the selling pressure is likely to accelerate. On the other side, the zone of 11,730-11,770 will be a strong supply zone.  Stocks in news: NLC India, NMDC, Canara Bank.

The outlook for the Indian markets is a gap-up opening on the back of optimism in the global markets. The US and China will restart trade negotiations to reach a deal, Also, the ECB President surprised the markets by hinting at more stimulus if needed. At the time of writing, the SGX Nifty was trading higher by 50 points at 11,762.

Surya Roshni, a Delhi-based lighting and GI steel pipe manufacturer, announced that it has won order worth Rs. 151.88 crore, on Tuesday.