DSIJ Mindshare

Going ahead, the index needs to move past the zone of 10,950-10,990, and until that time, sustainable upmoves would be difficult to come by. On the flipside, the zone of 10,743-10,845 is likely to remain an important support zone. Stocks in news: VEDL, Godrej Properties, Wipro, Tech Mahindra, Reliance Communications, DHFL and Cyeint.

Indian markets are likely to witness a soft opening and we expect it to pick up momentum as the day progresses. The SGX Nifty indicates Nifty is likely to open around the level of 10,899, marginally down by 12 points. The key earnings on the tap today will be Balrampur Chini, Exide Industries, IDBI, IRB, BBTC, Future Retail, SRF, Whirlpool, NRB Bearing and FSL. 

The following stocks would be in focus during Monday’s trading session in the light of their results announcement on February 4: IDBI Bank, Capacite Infraprojects, Aban Offshore, Exide Industries and KEI Industries.

Other than results, the other important thing that investors watch out for during the earnings season are dividends or bonus shares. Read on to know which stocks will be on investor radar this week.

The interim Union Budget 2019 attempted to alleviate the unemployment crisis plaguing India to a certain extent. Ironically, a report was leaked just yesterday, allegedly revealing that the unemployment rate in India stood at a 45-year high of 6.1 per cent during 2017-18! The government refuted this by stating the study conducted in December 2018 was yet to be approved. This has created much speculation and controversy.