The markets on July 13, 2018 opened gap up. BSE Sensex is trading at 36,629.75, up by 81.34 points and the Nifty is trading at 11,038.30, up by 15.10 points. 

IT sector that is trading marginally up by 0.5 per cent has resisted correction in the benchmark indices. Gains of 1.6 per cent plus in Infy and Wipro, with Infibeam as top gainer at 1.9 per cent gains have kept the IT index going upwards in an otherwise subdued trading day.

The company will announce its results for the June quarter earnings post market hours on Friday, this has led to the shares spiking up by 2 per cent.

Larsen & Toubro Limited announced that its construction arm has won another set of orders worth Rs. 3,000 crore in Andhra Pradesh, on Friday. It is a prestigious EPC order received from the Andhra Pradesh Capital Region Development Authority (APCRDA).

Suzuki Corp is setting up lithium-ion battery manufacturing plant in Gujarat to improve the quality of batteries as well as mitigate adverse effects of rising lead prices.

Overall volumes in futures & options currently stand at 1.68 crore contracts with a turnover of Rs. 17,06,179.09 crore.

Overall volumes in futures & options currently stand at 1.68 crore contracts with a turnover of Rs. 17,06,179.09 crore.

Vakrangee Limited has collaborated with Reliance Nippon Life Asset Management Limited (formerly known Capital Asset Management Limited) to distribute mutual funds.

The company's board accepted the binding investment proposal at the highest bid price of Rs. 170 per share, which is close to the stock's 52-week high and a 20 per cent premium to its current price.

The level of 11,078 will be important to watch as the index may face resistance around this level, followed by 11,100. Stocks in news: HCL Tech, Tata Communications, Hindustan Oil Exploration, Vakrangee, Allahabad Bank and SBI.