IT stocks dipped on Tuesday, after the Trump admin affirmed that it will end work permit issued to the spouse of H1B visa holders. This is expected to impact thousands of Indian IT workers working in the US on H1B visa.

Following stocks are close to their 52-week low as at 12.49 p.m. on April 24, 2018.

The markets on April 24, 2018 opened gap down. BSE Sensex is trading at 34,501.77, up by 51 points and the Nifty is trading at 10,578.95, down by 5.75 points. 

LIC Housing Finance company, which is one of the country’s largest HFC reported stellar performance in the quarter ended March 2018. The lower provisioning in the quarter aided in increasing profitability.

The NII for the quarter jumped significantly by 76 per cent yoy and 10 per cent qoq to Rs. 358 crore in Q4FY18 as against Rs. 325 crore in Q3FY18 and Rs. 203 crore in Q4FY17.

The highlight of the company's Q4 result was a consolidated PAT growth of four times on yoy basis.

Its standalone revenue for the quarter came in at Rs. 1,764 crore, registering 34.3 per cent yoy increase. This was led by jump in revenue from fertilizers segment and chemicals segment by 50 per cent yoy and 36 per cent yoy.

Overall volumes in futures & options currently stand at 87.01 lakh contracts with a turnover of Rs. 7,37,658.12 crore.

Overall volumes in futures & options currently stand at 87.01 lakh contracts with a turnover of Rs. 7,37,658.12 crore.

Going ahead, the level of 10,495 would continue to act as a major support for the Nifty and a sustainable move below this level may open up for further correction up to the level of 10,420. Stocks in the news: Music Broadcast, Shilpi Cables, Geojit Financial Services, Reliance Capital, Bharti Airtel and Thomas Cook.