On the way up, the zone of 10,880-10,900 is a crucial resistance level and a move beyond this zone would result in breakout of triangle pattern on the upside.Stocks in news: EID Parry, NMDC, Kridhan Infra, Orient Bank of Commerce and Tata Steel.

Indian benchmark indices seem headed for a scintillating start, tracking gains in Asian markets and strong close on the Wall Street amid continued trade optimism. Trends on SGX Nifty indicate a strong start to the session and Nifty could open well over the 10,900 mark with gains of 0.78 per cent. The stocks of Indusind Bank, Delta Corp and Bajaj Corp will be in limelight as these companies will announce their quarterly earnings today.  

The stocks most likely to witness significant movement on the bourses on December 9, 2019 are Monsanto India and Bayer Cropscience, Bharat Dynamics, Hind Rectifiers, Vascon Engineers, and ICICI Bank, Punjab National Bank, IDBI Bank and Bank of Baroda.

Tata Elxsi reported its results for the quarter ended December 30, 2018 during market hours on Tuesday. The company's standalone revenue for the quarter came in at Rs. 407.01 crore as against Rs. 345.53 crore in the corresponding quarter last year, registering 17.8 per cent YoY increase.

Bharat Dynamics, a government of India company, has signed a contract worth almost Rs. 760 crore with the Indian Army for production and supply of anti-tank guided missiles (ATGM) and launchers, according to the company’s filing with bourses.

Hind Rectifiers Limited, a manufacturer of technically engineered products, informed the exchanges that it has bagged orders of Rs. 88.05 crore.

Sugar stocks were buzzing in Tuesday's trade as the price of sugar in the commodity market spiked up on the back of supply constraints, globally and with the government announcing loans for ethanol production facilities. Major sugar stocks were up 3 to 5 per cent. 

JSW Steel, part of JSW Group and a leading manufacturer of steel in India reported an increase in production activity for the third quarter of FY19, in line with this Care rating agency issued AA (stable) rating to the company.

Following stocks are close to their 52-week low as at 12.55 p.m. on January 8, 2019.

The markets on January 08, 2019 opened gap up. BSE Sensex is trading at 35,842.82, down by 7.34 points and the Nifty is trading at 10,766.40, down by 5.40 points.