The markets on January 16 opened gap up. BSE Sensex is trading at 34,904.85, up by 61.34 points and the Nifty is trading at 10,746.10, up by 4.55 points.

Popular dining chain Barbeque Nation Hospitality is buckling up to launch its IPO as the company received the final nod of the market regulator Securities and Exchange Board of India to raise around Rs. 7 billion through initial public offering. 

Federal Bank reported its quarterly results with slight deterioration in asset quality over the previous quarter on Monday. However, the interest income and profitability showed strong performance

The stock of micro-cap, Viaan Industries surged more than 8 per cent in the morning session. The company informed that it has added three additional franchises for its Poker League season.

Overall volumes in futures & options currently stand at 64.55 lakh contracts with a turnover of Rs. 5,79,639.73 crore.

Overall volumes in futures & options currently stand at 64.55 lakh contracts with a turnover of Rs. 5,79,639.73 crore.

Going forward, Monday’s gap (10,690.40-10,713.80) is expected to offer support to the Nifty. The stocks that are likely to witness significant movement on the bourses today are Speciality Restaurants, Seamec, Edelweiss Financial Services, BSE, Vascon Engineers, BL Kashyap and Sons, Bajaj Finance, Bharat Bijlee, Jubliant Life Sciences and Max Ventures.

Indian markets are expected to continue with the jubilation with a positive start as cues from Asian peers are supportive. The SGX Nifty suggests that the Nifty could at 10,759 with gains of 9 points at the opening bell.  

The upcoming IPO of Amber Enterprises India will remain open for subscription from January 17-19, 2018. The issue size is Rs 600 crore, comprising of fresh issue of shares of Rs 475 crore and offer for sale (OFS) of Rs 125 crore.

The stocks that are likely to witness significant movement on the bourses on January 16, 2018 are The Federal Bank Ltd, ICICI Lombard General Insurance Company Ltd, Capital First,  BSE Ltd. and Inox Wind Ltd.