DSIJ Mindshare

On the downside, immediate support is seen around the level of 10,560, which is 50 per cent retracement of the recent downmove from the high of 11,172 to 9952 followed by 10,530. Stocks in the news: Bharti Infratel, Oberoi Realty, Raymond, Zensar Technologies, Autoline Industries, HIL, Strides Shasun, Indian Metals and Ferro Alloys and Fortis Healthcare.

Key Indian equity indices are likely to open with a gap on the lower side, tracking sell-off on the Wall Street as well as in the Asian markets, which are trading deep in the red. The SGX Nifty is pointing at Nifty opening with loss of 54 points at 10,566.    

India’s leading Registrar and Transfer Agent for Mutual Funds, Computer Age Management Services (CAMS) announced the launch of digiSIP, an initiative for setting up Mutual Fund SIPs in CAMS website.

Pharmaceutical major Alembic Pharma surged by over 5 per cent in Tuesday’s trade session on the back of successful USFDA inspection of its Panelav facility. The inspection by the United States Food and Drug Association concluded with zero Form 483s observations.

Aluminium prices plummet after the US government extended the deadline for the US customers trading with Rusal to comply with the sanctions imposed on the company.