DSIJ Mindshare

The stock REC Limited forms opening bullish marubozu candle above horizontal trendline in the daily time frame, this suggests that the bulls were in the dominant position.

Going ahead, it is important for the index to get past the identical top of the last two trading sessions at 10,887-10,889. Once Nifty sustains above this resistance zone, we believe it will move towards the zone of 10,950-10,965. Stocks in news: Bharat Financial Inclusion, Unichem Laboratories, Tata Steel, MRF, ONGC, Bank of Maharashtra, GMR Infrastructure and Time Technoplast.

Although Asian peers looking in a good shape in early trading, Indian markets are likely to open with modest gains. At the time of writing SGX Nifty was trading higher by 36 points at 10,859 level.   

S Chand along with its wholly-owned subsidiary Eurasia acquired the remaining 26 per cent stake in Chhaya Prakashani, a company in which it holds majority stakes.

The board of directors of Varun Beverage approved fundraising of upto Rs. 1,500 crore through Qualified Institutions Placement (QIP) but its subject to the approval of shareholders in the Annual General Meeting which is to be held on April 17, 2019.