Going forward, the zone of 10,980-11,000 is a crucial support zone for the index. On the upside, Nifty reacted from the day’s high, i.e. 11,121, and this level may act as a resistance, followed by 11,172. Top stocks to watch out: BEL, KPIT, Syndicate Bank, MIRC Electronics, Welspun Enterprises, Bajaj Auto, Tube Investments of India and Mahindra and Mahindra. 

Key Indian equity indices may open significantly lower as the Asian markets are under pressure in early trading as also due to the overnight fall on the Wall Street. The SGX Nifty indicates that the Nifty may open at 11,012 with a loss of 54 points. 

The company's PAT for the quarter stood at Rs 429.87 crore, an increase of 22.1% YoY. This increase was due to other income, which almost doubled to Rs 35.9 crore from Rs 18.9 crore in Q3FY17. 

The company's EBITDA for the quarter rose by 66.5 per cent YoY to Rs 135.6 crore, with a corresponding margin expansion of 359 bps. The EBITDA margin for the quarter stood at 28.6 per cent.

CK Birla Group owned Birlasoft and KPIT have announced a merger to create an over US$700-million combined entity. The entity would be demerged into two separate companies later. 

Company has witnessed rise in material cost due to change in product mix, increased commodity prices, sales of new models compensated with cost optimization initiatives.

Kellton Tech Solutions has announced its plan to consider issuance of bonus shares, post-trading hours on Tuesday. Kellon Tech closed at Rs. 119.75 per share, up by 0.76 per cent on BSE.

The company’s PAT came in at Rs. 14 crore, representing 15.7 per cent sequential decline and 164.3 per cent YoY increase.

Its consolidated revenue for the quarter came in at Rs. 1,278.3 crore, registering 15.4 per cent yoy increase. This was led by jump in revenue from Industrial products and Plastic piping products by 28.6 per cent and 18.6 per cent, respectively.

The PAT for the quarter jumped nearly 14-fold to Rs. 340.53 crore. This was also attributed to lower effective tax rate in the quarter.