DSIJ Mindshare

Overall volumes in futures & options currently stand at 1.49 crore contracts with a turnover of Rs. 9,14,497.31 crore.

Overall volumes in futures & options currently stand at 1.49 crore contracts with a turnover of Rs. 9,14,497.31 crore.

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.