Going ahead, Nifty needs to hold the Doji candle's low of 10,584 to keep the pullback options open towards 10,750 level, as failure to do so would result in extension of corrective decline towards the level of 10,550. Stocks in news: Yes Bank, Coromandel International, Asian Paints and DCM Shriram.

Indian markets are likely to open largely unchanged as cues from Asian peers are dull. The SGX Nifty indicates Nifty is likely to open almost unchanged around 10,697. Ajanta Pharma, Bajaj Auto, BEL, Castrol India, ICICI Bank, Hexaware, IOC, Jubilant Foodworks, LIC Housing Finance, NTPC, Torrent Pharma will declare their results today. 

KEC International reported its results for the quarter ended December 31, 2018 on Tuesday. The company's consolidated revenue for the quarter came in at Rs. 2,646.63 crore as against Rs. 2404.75 crore in the corresponding quarter last year, registering 10.1 per cent YoY increase.

India has become the second largest steel producing country as its crude steel production in 2018 surpassed Japan’s production. In 2018, Japan Produced around 104.3 MT steel. India's steel output was at 106.5 MT in 2018, up by 4.9 per cent from 101.5 MT in 2017.

Strides Pharma Science’s step-down subsidiary Strides Pharma Canada has entered into an arrangement to acquire 80 per cent stake in Pharmapar Inc., a Canada-based specialised generics front-end company. Canada is a new market for the company and one of top 10 global pharmaceutical markets.

Auto Industry in 2018 has gone through a bumpy ride due to various reasons such as higher ownership cost of vehicle owing to an increase in insurance cost and higher fuel prices. Also, on the demand front, the industry witnessed a setback and even in festive seasons, auto sales were muted as automakers failed to lure customers with heavy discounts.

Global investment firm Oaktree Capital purchased loans from DHFL’s wholesale portfolio on a true sale basis. The transaction is in accordance with RBI’s Securitization Guidelines.

Following stocks are close to their 52-week low as at 2.57 p.m. on January 29, 2019.

The markets on January 29, 2019 opened gap down. BSE Sensex is trading at 35,469.83, down by 186.87 points and the Nifty is trading at 10,609.45, down by 52.10 points. 

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