Following stocks are close to their 52-week low as at 12.57 p.m. on January 14, 2019.

The markets on January 14, 2019 opened gap down. BSE Sensex is trading at 35,740.24, down by 269.60 points and the Nifty is trading at 10,701.80, down by 93.15 points. 

Tejas Networks Limited has announced that it has signed a Memorandum of Understanding (MoU) with Government of Kerala as its first telecom knowledge partner and is establishing a Centre of Excellence (CoE) for next-generation telecom technologies in the state.

The stock of Praj Industries was buzzing on Monday following the announcement that the company is installing a pilot plant for CBG technology. Praj Industries was up by 5 per cent in the morning session.

Overall volumes in futures & options currently stand at 82.18 lakh contracts with a turnover of Rs. 5,03,549.10 crore.

Overall volumes in futures & options currently stand at 82.18 lakh contracts with a turnover of Rs. 5,03,549.10 crore.

Bank Nifty is displaying a Rising Wedge kind of pattern in progression for the last six weeks.

In the coming session, the 100-day moving average, which is placed around the level of 10,856, is likely to act as an immediate resistance, followed by 10,900. On the downside, the level of 10,730 is likely to act as a support for the index and a breach of this support level would lead to re-testing of the swing low of 10,629.  Stocks in news: SPARC, KNR Construction, NTPC, Cadila Healthcare, Infosys and Adani Green Energy.

Indian markets are likely to make a cautious start mirroring the nervousness in the global markets. Market participants will also react to industrial output data which was released post market hours on Friday. The Industrial output growth plunged to a 17-month low of 0.5 per cent in November. Going ahead, investors will be eyeing WPI inflation data and CPI inflation data which are due to be released today. The trend on SGX Nifty indicates Nifty will open almost unchanged at 10,825. 

Grocery retailer Avenue Supermarts Limited reported 33 per cent growth in revenue for Q3FY19 but PAT growth was flat due to a reduction in gross margin. The company reported its Q3FY19 results on Saturday.