DSIJ Mindshare

Overall volumes in futures & options currently stand at 87,86,308 contracts with a turnover of Rs. 5,46,033.37 crore.

Government is divesting 3 per cent stake in the private lender held by SUUTI through an OFS issue at a discount to the current market price, at Rs. 689.52 per share. Retail investors can subscribe for the offer on February 13. 

The level of 10,850-10,858 is likely to act as an immediate support zone for the index as the 200-day moving average and Monday’s session low is placed in this region. Stocks in news: Axis Bank and Alembic Pharmaceuticals.

The benchmark indices are likely to make a soft start as Asian peers lack clear trend and staying cautious ahead of some crucial economic data to be released later today. The SGX Nifty suggests that Nifty may open around 10,907, down by 23 points. The market participants will keep an eye on key domestic macro data like the consumer inflation and the Index of Industrial Production (IIP) which will be released today. 

The stocks that are likely to witness significant movement on the bourses on February 12 are KNR Constructions, JSW Cement, Alembic Pharmaceuticals, Spice Jet and Eicher Motors.