Every credit card issued by a bank has a credit limit, which is the maximum amount the cardholder can avail in a billing cycle. So, if the credit limit is, say, Rs 2 lakh, the cardholder can enter into credit card transactions up to the maximum limit of Rs 2 lakh in a billing cycle (which is usually a month). 

Lupin announced that its Pithampur unit-3 in Indore went through the USFDA inspection that was conducted from October 8 to October 18, 2018. The shares closed down by almost 2  per cent. 

The stocks most likely to witness significant movement on the bourses on October 22 , 2018 are Mphasis Ltd., UltraTech Cement Ltd., ICICI Securities Ltd., Reliance Power Ltd., and Thyrocare Technologies Ltd. 

The company received an order worth Rs. 95.8 crore from Indian Oil Corporation. The order includes detailed engineering, fabrication, installation and commissioning of storage tanks at Dhumad, Gujarat. The order is to be executed over a period of 16 months. 

Indian stock markets have been slipping over the Brent Crude since the mid of August 2018 amid trade war escalations, Iran sanctions, retaliatory measures. Going forward, if the prices correct some more, we hold 78.70 followed by 77.40-77.30 as the supports while 80.30 followed by 81.85-81.90 as the immediate resistance.

Mphasis Limited reported a consolidated net profit of Rs. 271 crore in Q2FY19 in comparison to Rs. 197.6 crore in Q2FY18, posting a 37.14 per cent growth on a YoY basis.

Yeilding to the requests placed by domestic steel players, the government of India has imposed anti-dumping duties on certain varieties of steel originating from China. The duties range from US$44.89 to US$185.51 per tonne for the next 5 years.

Intellect Design Arena Limited, the leading B2B fintech has informed the bourses that its transaction banking division Intellect Global Transaction Banking (iGTB) and PPI AG which is a leading software product company in Europe formed a partnership for providing advanced end-to-end integrated solutions for transaction banking to cater to the needs of German and French banks.

JB Chemicals & Pharmaceuticals, underwent USFDA pre-approval inspection. The stock was highly volatile during Friday’s session where it opened flat and plunged nearly 3.9 per cent but recovered and surged 1.5 per cent and is now trading down with 1.2 per cent. 

Following stocks are close to their 52-week low as at 1.10 p.m. on October 19, 2018.