Going ahead, the 100-day moving average, which is currently placed at 10,862, is likely to act as an immediate resistance level, followed by 10,920. Stocks in news: Praj Industries, NBCC, Shakti pump, Reliance Industries, KNR Constructions, Lemon Tree Hotels and Container Corporation of India.

We expect a stable start for the Indian markets as cues from Asian peers are supportive. The trend on SGX Nifty indicate Nifty to open with an uptick of 0.25 per cent at 10,888. Some of the key names like Infosys and Karnataka Bank will announce their quarterly earnings today. Additionally, India’s industrial production data for November will be out today.

TCS, the country's largest IT firm, reported stable Q3FY19 numbers despite seasonally weak quarter. 

The stocks most likely to witness significant movement on the bourses on January 11, 2019 are Himachal Futuristic Communications, Indian Hume Pipe Company, Tera Software, TCS and Tata Motors.

The company was declared L1 bidder NHAI for a section of National Highway (NH-11) project worth Rs. 564.98 crore. 

The pharma major has signed an exclusive licensing agreement with Yuhan Corporation for commercializing investigational SAR nasal spray Ryaltris in South Korea. Glenmark will manufacture the drug and receive upfront and milestone payments from Yuhan.

Following stocks are close to their 52-week low as at 02.10 p.m. on January 10, 2019.

The third quarter of FY19 will see revenue growth in lower double digits, however, the profit will increase in higher 20s on a yearly basis. 

The markets on January 10, 2019 opened gap down. BSE Sensex is trading at 36,128.17, down by 84.74 points and the Nifty is trading at 10,819.40, down by 35.75 points.