The markets on October 04, 2018 opened flat. BSE Sensex is trading at 35,182.57, down by 793.06 points and the Nifty is trading at 10,615.40, down by 242.85 points. 

Following the downtrend of Wednesday, the BSE Sensitive Index dipped another 600 plus points on Thursday, fuelled by further fall in the Indian rupee. At 10:39 hours, the BSE Sensex was 35,351.76, down by 623.87 points or 1.73 per cent, while the Nifty50 was at 10,662.65, down by 195.60 points.

L&T's subsidiary, L&T Hydrocarbon Engineering (LTHE) consortium, has been awarded the biggest single subsea contract by ONGC. The awarded is for ONGC's most sought development block, 98/2 in the Krishna Godavari basin.

Overall volumes in futures & options currently stand at 1.24 crore contracts with a turnover of Rs. 11,76,210.85 crore.

Overall volumes in futures & options currently stand at 1.24 crore contracts with a turnover of Rs. 11,76,210.85 crore.

Going ahead,  the area of 10,775-10,800 remains a crucial support level for the index as it is a confluence of 200-DMA, which is currently placed at 10,777, and 78.6 per cent retracement level of July-August, which is placed at 10,815. Failing to hold this crucial support could possibly take the index towards the lower levels of 10,690-10,670 in the short term. Stocks in news: Aditya Birla Capital, Bharti Airtel, Tata Power, Amara Raja Batteries, TVS Motor, SRF, Larsen and Toubro and Infosys.

Selling pressure is likely to continue in the Indian markets following negative cues from Asian peers and the ghost of strong dollar and hardening oil price will continue to spook the markets. The SGX Nifty is trading with a loss of 129 points at 10,754 levels, indicating terrible start to the day.

The stocks most likely to witness significant movement on the bourses on October 4, 2018 are  HCL Technologies Ltd., Infosys, Amara Raja Batteries Ltd., Tata Power, Bank of Maharashtra, TVS Motor Company, L&T Ltd and Tech Mahindra.

IFC, a member of the World Bank Group, has extended a 7-year long-term loan of Rs. 1,000 crore to Aditya Birla Finance Limited. (ABFL), the NBFC arm of Aditya Birla Capital Limited (ABC). ABFL is a diversified non-banking finance company (NBFC)

Market slips more than 577 points in the afternoon session in anticipation of an interest rate hike by the central bank. Sensex had a 5:26 advance to decline ratio at closing on Wednesday.