Following stocks are close to their 52-week low as at 12.42 p.m. on January 22, 2019.

The markets on January 22, 2019 opened gap down. BSE Sensex is trading at 36,345.14, down by 233.82 points and the Nifty is trading at 10,884.40, down by 77.45 points. 

The stock has formed a contracting triangle kind of a pattern and the volumes and price movements are getting squeezed.

Indian search engine and listing company Just Dial's results were above market estimates with revenues up by 15.2 per cent at Rs. 226.8 crore and profit doubling to Rs. 57.3 crore.

Prabhat Dairy’ board of directors approved the sale of Sunfresh Agro Industries Private Limited, wholly-owned, step-down subsidiary to Tirumala Milk Products Private Limited for an overall consideration of around Rs. 1,700 crore.

Overall volumes in futures & options currently stand at 87.25 lakhs contracts with a turnover of Rs. 5,47,130.74 crore.

Overall volumes in futures & options currently stand at 87.25 lakhs contracts with a turnover of Rs. 5,47,130.74 crore.

Going ahead, it is important for the index to stay above 10,920-10,950. Stocks in news: Coromandel International, Power Grid and IDBI Bank.

Indian indices are set for a quiet start this morning as cues from Asia markets are lacklustre for now and as the US markets were closed overnight for holiday. The SGX Nifty indicates Nifty is likely to open flat at 10,957, down by 5 points. Among results to watch include Asian Paint, Havells, HDFC Life, Oberoi Realty and TVS Motor. 

The stocks most likely to witness significant movement on the bourses on January 22, 2019 are IRB Infrastructure, Union Bank of India, L&T, Kotak Mahindra Bank and Lupin.