The markets on January 28, 2019 opened gap down. BSE Sensex is trading at 35,690.77, down by 334.77 points and the Nifty is trading at 10,680.70, down by 99.85 points. 

V2 Retail Limited reported its results for the quarter ended December 30, 2018 on Friday. The company registered a 58.2 per cent YoY increase in its standalone revenue for the quarter.

The pharma major Cipla was experiencing selling pressure on Monday. The company informed the bourses that it has received final USFDA approval for medroxyprogesterone injectable.

Overall volumes in futures & options currently stand at 1.14 crore contracts with a turnover of Rs. 7,24,056.94 crore.

Overall volumes in futures & options currently stand at 1.14 crore contracts with a turnover of Rs. 7,24,056.94 crore.

The initial public offering (IPO) of Ritco Logistics Limited opens for subscription on BSE, on Monday, January 28. The company is an integrated logistics solution provider with pan-India presence. 

Bank Nifty formed an outside bar resembling a Bearish Engulfing pattern on the weekly time frame, which indicates that the bears were in dominant position.

UltraTech Cement formed a sizeable bearish candle below the horizontal support level of Rs. 3,725, on Friday. The breakdown was supported by volume spurt, which suggest bears are in a dominating position. 

Going ahead, a breach of 50-day moving average would result in further sell-off towards the level of 10,700. Stocks in news: Zee Entertainment Enterprises, Lupin, Jubilant Life Sciences, ENIL, Soril Infra Resources, Mcnally Bharat Engineering Company and NBCC.

Indian markets are poised to start the week with modest gains following positive leads from Asian peers. The SGX Nifty indicates Nifty is likely to open around 10,812, up by 18 points. Prominent companies such as Bank of India, Canara Bank, Ceat, Century Textile, Escorts, Godrej Properties, PEL, Shriram Transport Finance, Tata Power will report their earnings today.