DSIJ Mindshare

Overall volumes in futures & options currently stand at 1.98 crore contracts with a turnover of Rs. 13,24,483.37 crore.

The momentum indicators on the shorter time frame are slightly oversold and this may result in minor bent towards the 11,420-11,450 level. On the downside, if Nifty slips below the Wednesday’s session low of 11,347, then it may go down all the way up to the level of 11,300, followed by 11,220. Stocks in news: Yes Bank, Dilip Buildcon, TVS Motor, Bharat Financial Inclusion, Hindalco Industries.

Indian indices seem to be running out of luck for now as domestic markets are likely to witness yet another negative opening following depressing cues from Asian peers. At the time of writing SGX Nifty was trading down by 26 points at 11,376 level. Among the results to watch are Apollo Tyres, Asian Paints, Granules, HCL Technologies, MGL, OFSS, VBL and Voltas.

Satin Creditcare Network reported a consolidated net profit of Rs. 201 crore for FY19, registering a growth of 169 per cent YoY as against Rs. 75 crore in FY18 on a consolidated basis. The company reported revenues of Rs. 1,448 crore in FY19, up by 40 per cent YoY.

KEC International reported its results for the quarter ended March 31, 2019 on Wednesday after market hours. The company's consolidated revenue for Q4FY19 came in at Rs. 3,841.17 crore as against Rs. 3,662.37 crore in the corresponding quarter last year, registering 4.9 per cent yoy increase.