Following stocks are close to their 52-week low as at 12.39 p.m. on August 9, 2018.

The markets on August 9, 2018 opened gap up. BSE Sensex is trading at 38,042.46, up by 154.90 points and the Nifty is trading at 11,480.45, up by 30.45 points. 

The benchmark index BSE Sensex is trading above the 38,000 level as private banks join the upward rally fueled by good quarterly earnings and positive vibes emanating from the Indian economy. We at DSIJ had predicted this level way back in April.

Overall volumes in futures & options currently stand at 97.18 lakh contracts with a turnover of Rs. 9,93,827.11 crore.

The PAT for the quarter came in at Rs. 204 crore as against Rs. 163 crore in the corresponding quarter last year, yoy increase of 25 per cent. During the quarter, the company has secured new orders amounting to Rs. 2,840.7 crore.

Overall volumes in futures & options currently stand at 97.18 lakh contracts with a turnover of Rs. 9,93,827.11 crore.

Trent Limited reported mixed numbers for the quarter with strong  top-line growth and flattish bottom-line.

Going ahead, there is a likelihood that we may see momentum continuing in the index, but we cannot ignore the overbought nature of the index. In the coming session, the levels of 11,500 and 11,525 may play out as immediate resistances. Stocks in news: Pidilite Industries, Corporation Bank, Mastek and HCL Technologies.

Traders can expect a quiet start to the session on Thursday as no clear trend has emerged either in the Asian or the US markets. The dull trend in the SGX Nifty suggests that Nifty could open marginally up by 5 points at 11,484. Aurobindo Pharma, Bharat Forge, Cera Sanitary, Cummins India, Engineers India, HSIL, IPCA Labs, Jet Airways, Page Industries, Eicher Motors will announce their results today.  

RCF reported strong quarterly results for the quarter, but with flat margin for the quarter.