DSIJ Mindshare

On the upside, Nifty has strong resistance placed in the region of 10,440-10,450, and both the 50-SMA and 100-SMA stand at 10,438. Stocks in the news: Lemon Tree Hotels, Infosys, Dr Reddy Laboratories, HFCL, Oricon Enterprises and Star Cement.

The exchange’s daily trading turnover in the derivatives segment crossed the Rs 3,257 crore (USD 500 million) level during the trade.

Country’s third largest private sector bank, Axis Bank surged 5 per cent plus from its previous close, after Board trimmed CEO Shikha Sharma's tenure to 7 months from three years of reappointment. Axis Bank is off its upward sloping trendline support level and is heading northwards.

Indian mutual fund industry is quite expansive with a huge basket of schemes for investment. Previously, the fund houses used to have multiple schemes under the same category with different attractive names. 

IndoStar Capital received the market regulator's approval to float Rs 2,000 crore Initial Public Offering (IPO).