The markets on January 12 opened up. BSE Sensex is trading at 34,424.58, down by 78.91 points and the Nifty is trading at 10,622.85, down by 28.35 points.

India’s largest lender State Bank of India is planning to raise funds worth Rs. 20,000 crore through long term bonds in a bid to finance infrastructure and affordable housing in the domestic space as well as the overseas market. 

The consolidated results for the quarter were largely in-line with street estimates. Revenue for the quarter came close to the estimated figure of Rs. 30,960 crores. Also, net profit for the quarter came in slightly higher than the estimated figure of Rs. 6,460 crores.

Dredging Corporation of India (DCI) secures Rs. 88.51 crore contract for dredging of channels and basins at Cochin Port through a competitive bidding process. DCI is the only PSU in the dredging sector in India.

Overall volumes in futures & options currently stand at 1.06 crore contracts with a turnover of Rs. 10,20,259.56 crore.

Overall volumes in futures & options currently stand at 1.06 crore contracts with a turnover of Rs. 10,20,259.56 crore.

The stock of Dish TV tanked on Friday as market participants exited their positions in the stock following reports that the proposed deal with Videocon D2h faces uncertainties. The stock was down by nearly 7 per cent at Rs. 78.30 per share, down by Rs. 5.65 or 6.73 per cent. 

Going ahead, a follow through move above Thursday’s high of 10,664.60 will take Nifty to the level of 10,700. On the downside, the zone of 10,580-10,600 is a crucial support zone for Nifty. 

Key benchmark indices are expected to open on an optimistic note. The SGX Nifty suggests that the Nifty could open around 10,699 level with gains of 41 points at the opening bell.   

The stocks that are likely to witness significant movement on the bourses on January 12, 2018 are HT Media Limited, Infosys Limited, Varun Beverages Limited, Sintex Plastics Technology Limited, Gallantt Ispat Limited and Dredging Corporation of India Limited.