In the coming session, immediate resistance is placed around the level of 10,734, which is 61.8 per cent retracement level of the recent downmove. Stocks in news: HUDCO, Jet Airways and Vedanta.

The domestic markets are expected to make a soft start as leads from Asian peers are mostly negative. The trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty may open with a loss of 21 points around the level of 10,653.  

In a blow to metals and mining company Vedanta, according to reports, the deputy chief minister of Tamil Nadu O Panneerselvam has asserted that the government will order permanent shut down of the company’s Sterlite copper plant.

HBL power reported subdued growth across the board. The operational performance was largely weak.

Looking at the full year numbers, we see that the revenue jumped by one per cent to reach Rs.7318.63 crore, while its EBITDA fell by 36 per cent to Rs 266.73 crore.

Subros reported strong quarter for Q4FY18 with operational profit and net profit recording strong growth compared to previous year.

The research houses upgraded Sun Pharma’s rating after its Q4FY18 results. It urged more than 7 per cent in Monday’s trade, uplifting the Nifty Pharma Index by 2.4 per cent. The stock bounced back from 435 level up to 61.8 per cent retracement of the downward rally from 539 levels.

Caplin Point Laboratories reported mixed results across the board. The revenue and operating profit grew strongly, while bottom-line increased minimally.

The PAT for the quarter came in at Rs. 7.85 crore, yoy increase of 74.1 per cent. This was partly due to sharp decline in interest expenses by 57.9 per cent yoy.