Going ahead, the immediate support for the index is placed around the level of 10,400 and a sustainable move below this level will open up for further correction up to levels of 10,380 and 10,350. On the upside, the levels of 10,490 followed by 10,535 may act as a resistance levels for the Nifty.

Indian shares are expected to make a flat to marginally positive start. The SGX Nifty indicates that the Nifty could open at 10,486 with gains of 17 points at the opening bell.   

The price of gold has remained subdued for an extended period of time. Read on to find if the year 2018 will change the trend.

The New Year started on good note as the eight core sectors data for the month of November 2017 posted a 13-month high growth of 6.8 per cent year-over-year versus 5 per cent in the month of October. With the improvement in non-food credit, we see the economy heading towards pre-demonetization level.

The debt market is already anticipating a rate hike of around 30-40bps and is being discounted in the current yield curve. Thus, keeping this in mind one should not invest in long-term debt funds until there is clarity about the interest rate and future trajectory of bond yields.

Going forward production of Robusta in India is expected to come down by ~20 per cent compared to 13.96 per cent (30,300 MT) as per the estimation of the Coffee Board.

Videocon Industries tops the list of 12 defaulters referred to the National Company Law Tribunal (NCLT) by the State Bank of India (SBI). The company owes more than Rs. 45,000 crore to the banks.

Following stocks are close to their 52-week low as at 12.39 p.m. on January 2.

The markets on January 2 opened up. BSE Sensex is trading at 33,854.89, up by 42.14 points and the Nifty is trading at 10,445.35, up by 9.80 points.