Following stocks are close to their 52-week low as at 12.24 p.m. on October 10, 2018.

The markets on October 10, 2018 opened up. BSE Sensex is trading at 34,655.30, up by 355.83 points and the Nifty is trading at 10,425.60, up by 124.55 points. 

Mahindra Agri Solutions (MASL), a subsidiary of Mahindra & Mahindra (M&M) has incorporated a subsidiary ‘Mahindra Summit Agriscience’ from October 9, 2018.

In a bid to give some relief to the airline industry, the government is planning to cut excise duty on aviation turbine fuel (ATF) soon. Reacting to this development, airlines stocks were up close to 5 per cent in the morning session on Wednesday.

Overall volumes in futures & options currently stand at 83.20 lakh contracts with a turnover of Rs. 7,12,977.40 crore.

Overall volumes in futures & options currently stand at 83.20 lakh contracts with a turnover of Rs. 7,12,977.40 crore.

Going ahead, the level of 10,250 is likely to act as an immediate support level for the index and failing to hold this support is likely to witness further correction towards the swing low of 10,198. Stocks in news: Dr Reddy’s Laboratories, Voltas, Glenmark Pharma, Bharat Forge, NLC India, Tata Motors and Graphite India.

Indian markets are expected to witness positive start as the cues from Asian markets are supportive. The SGX Nifty is trading up by 28 points at 10,340 level, indicating a positive start to the day.  
  

RBI might have disappointed the market by denying an interest rate hike, but government seems to be in mood to entice investors by raising interest rates on non-government provident funds superannuation and gratuity funds.

The stocks most likely to witness significant movement on the bourses on October 10, 2018 are Lupin Ltd., KEC International Ltd., Genus Power Infrastructures Ltd., SAIL and JMC Projects.