DSIJ Mindshare

Indian markets are expected to open a tad lower on Thursday as the global sentiments are weak. The US government's debt yields added to a steep decline in March as the yield on the closely monitored 10-year treasury note dipped to a 14-month low and the US yield curve is only exacerbating matters by inverting. However, there seems to be good news from the weather office as the IMD has predicted robust monsoon in 2019 provided there is no unexpected El Nino phenomenon. Volatility is likely to be elevated in today’s session on the back of March series derivatives expiry. At the time of writing, the SGX Nifty was trading lower by 35 points at 11,411.

Countries largest integrated power company Tata Power informed that it has got an approval from MERC for distribution and generation of 700 MW power.

Yash Papers is contemplating expanding its capacity with a capex plan of approximately Rs. 150 crore. The stocks of the company gained almost 2 per cent intraday.

The stocks that are likely to witness significant movement on the bourses on March 28 are Lupin, Maruti Suzuki, Strides Pharma, Cadila Healthcare and Orient Electric.