Following stocks are close to their 52-week low as at 12.49 p.m. on October 12, 2018.

The markets on October 12, 2018 opened gap up. BSE Sensex is trading at 34,683.25, up by 682.10 points and the Nifty is trading at 10,434.05, up by 199.40 points. 

M&M and Castrol India have inked a new strategic partnership agreement. Following this development, the stocks of M&M surged in Friday’s trading session.

Buoyed by the upward trend seen in the Indian rupee, the BSE sensitive index moved up by more than 600 points in early trade on Friday. Most sectoral indices were trading in the green territory with handsome gains.

Overall volumes in futures & options currently stand at 2.14 crore contracts with a turnover of Rs. 19,94,265.04 crore.

Overall volumes in futures & options currently stand at 2.14 crore contracts with a turnover of Rs. 19,94,265.04 crore.

Nifty has given a negative crossover in the oversold zone. Hence, if it continues to slide downwards, we hold 10100-10000 as the immediate supports, followed by 9950. However, Nifty has managed to close above its crucial level of 10200, and hence, if we see a bounce-back from the current levels, we hold 10270-10350, followed by 10480, as the resistances.

Indian stock markets are likely to open on a flat to positive note with some bounce-back seen among Asian peers and the positive intra-day close in the previous session. The SGX Nifty is trading marginally higher by 0.3 per cent at 10308 level, indicating some relief in today’s trade. We have Hindustan Unilever and Karnataka Bank results on the plate today. TCS results came in with a mixed bag with the topline and EBUT outperforming, while the bottomline underperforming below expectations. 

The stocks most likely to witness significant movement on the bourses on October 12, 2018 are Sundaram Clayton Limited, Hindustan Petroleum Corporation, Bharat Petroleum Corporation, Indian Oil Corporation, IDBI Bank, Tata Consultancy Services and Aurobindo Pharma.

The IT behemoth's consolidated revenue for the quarter came in at Rs. 36854 crores, registering 7.57 per cent QoQ increase. This was primarily driven by revenue growth in BFSI (up by 6.1 per cent vs 4.1 per cent in Q1) and Retail & CPG (up by 15.6 per cent vs 12.8 per cent in Q1).