The bulls need to hold above the level of 10,175 to avoid fresh weakness from creeping in as failure to hold on to the 10,175 support would induce a fresh round of selling and this may take the index towards the level of 10,100, followed by 10,020. The daily RSI is currently hovering around 39-40 mark, and for the bulls, it is important for the RSI to cross above the level of 40. Stocks in news: PNB, Dr Reddy’s Laboratories, Kridhan Infra, Blue Star, IL&FS Transportation, Coal India and GMR Infrastructure. 

Indian markets may open flat to slightly higher on Wednesday mirroring the strength in the global markets as also reacting to the sharp fall in Brent crude prices which continued to fall more than 2 per cent below the $76 a barrel.

The company’s Q2FY19 net profit grew by almost 43 per cent to Rs. 305 crore over the corresponding quarter of last year, while its total income during the period surged to Rs 1676 crore, which represented a growth of 24 per cent YoY. 

The stocks that are most likely to witness significant movement on the bourses on October 31, 2018 are Welspun Enterprises, Tech Mahindra, TeamLease Services, Talwalkars and Navin Fluorine International.

Aksharchem (India) Limited reported results for the quarter ended September 30, 2018 on Tuesday.

The PAT for the quarter came in at Rs. 82.44 crore, yoy decline of 16.4 per cent. During the quarter, the company’s finance cost come down to Rs. 4.38 crore from Rs. 10.38 crore in the same quarter of last year.

LIC’s net interest income for the second quarter of FY19 stood at Rs. 1,012 crore, as against Rs. 963 crore for the same period in the previous year. Net interest margins for the period stood at 2.35 per cent. Net profit for the quarter stood at Rs. 573.16 crore as compared to Rs. 513.88 crore in Q2FY18.

The operator of Dominos Pizza chain, Jubilant Foodworks announced PepsiCo as the new beverage partner for the pizza brand. This partnership is meant to sell PepsiCo beverages viz; Pepsi, Mountain Dew, 7UP, Mirinda along with Lipton Iced Tea across all Dominos outlets. 

Nocil consolidated revenue for the second quarter of FY19 came in at Rs. 271.99 crore, registering 19.5 per cent yoy increase. The PAT for the quarter came in at Rs. 52.84 crore, yoy increase of 38.8 per cent.

The company commences operations in the US to better services business traveller travelling from US to India as well as US-bound travellers starting from India.