DSIJ Mindshare

The BSE Sensex opened positive on Wednesday at 39,167.05 and hit an all-time high of 39,266.85 in early trade ahead of RBI's monetary policy announcement scheduled for Thursday. 

Overall volumes in futures & options currently stand at 1.11 crore contracts with a turnover of Rs. 7,56,602.32 crore.

Overall volumes in futures & options currently stand at 1.11 crore contracts with a turnover of Rs. 7,56,602.32 crore.

It is important for the index to hold above the April 1 opening gap (11,630-11,645), as failing to hold above this zone would open the gates for some correction towards the level of 11,570. The level of 11,570 will be closely watched as this would be a crucial support level in the near term for the index. Stock in news: Essel Propack, Jet Airways, HEG, Wipro, HUDCO, HFCL, Lumax Auto Technologies, Rushil Décor, Marico, TCS, IGL, Infosys.

The strength visible in Asian peers and SGX Nifty is signaling that Nifty may open around 11,800 mark and we expect the bulls to continue their upward march at the opening bell. But the question remains whether Nifty spot market will touch its record high level and trade in the uncharted territory. It looks possible as long as Nifty manages to hold above the previous session low of 11,655.