Following stocks are close to their 52-week low as at 12.48 p.m. on January 7, 2019.

The markets on January 07, 2019 opened gap up. BSE Sensex is trading at 35,946.88, up by 251.78 points and the Nifty is trading at 10,800.05, up by 72.70 points.

The stock of Bandhan Bank was experiencing selling pressure on Monday following the buzz that the bank is likely to acquire mortgage lender Gruh Finance through a share swap deal.

Parag Milk Foods, a leading manufacturer and marketer of branded dairy products, has expanded its product portfolio by entering into the Indian sweet category. It has launched two ready-to-eat Indian desserts, Gulab Jamun and Rasgulla, under the brand Gowardhan.

Onward Technologies has partnered with SAP SE to sell and support end-to-end ERP implementation focused on SAP S/4HANA providing customers with an accelerated path for digital transformation, informed the company on Monday. Reacting to this development, the stock surged by 3.9 per cent.  

Overall volumes in futures & options currently stand at 1.14 crore contracts with a turnover of Rs. 6,87,035.88 crore.

Overall volumes in futures & options currently stand at 1.14 crore contracts with a turnover of Rs. 6,87,035.88 crore.

Going ahead, a move above the hammer’s candle high, i.e. 10,741, would lead to an extended rally towards the level of 200-day moving average, which is placed at 10,787, followed by 10,850. Stocks in news: Reliance Industries, BHEL, Future Lifestyles Fashions, NHPC and Titan.

Indian equity indices are expected to kick-start the week with a gap-up opening following the rally on the Wall Street on Friday and both the US and China expressing optimism ahead of new round of trade talks. The SGX Nifty suggests that Nifty may witness a gap-up opening of 0.97 per cent around the level of 10,883.  
  

With less than a month left for the budget the market seems to be waiting for a little something from the last budget of the first Modi government, although this budget is expected be more of promises than any new policy.