Going ahead, Nifty has crucial support placed in the region of 11,090-11,100 and any move towards this support zone could be used as an incremental buying opportunity. On the upside, the levels of 11,175, followed by 11,200, are the resistance points for the Nifty. Top stocks to watch out: Welspun Corp, Snowman Logistics, Rushil Décor, Biocon, MOIL, HCL-Tech, Ester Industries, Reliance Infrastructure, ICICI BANK and Inox Leisure. 

Today, the start is likely to be cautious on sluggish regional cues. The SGX Nifty indicates that the Nifty may open at 11,133 with a loss of 10 points. 

After a downfall in the month of November, the share of foreign portfolio investments (FPI) in domestic capital markets through participatory notes (P-notes) has jumped to a 6-month high of over Rs 1.5 lakh crore at the end of December, despite stringent norms imposed by the market regulator SEBI to check their misuse. 

The Economic Survey tabled by the government as part of the pre-budget session buoyed the market throughout the trading session on Monday. The stock markets traded near their all-time high in a rangebound manner. The survey reported that more than 60 per cent of India's GDP is fueled by internal trade.

Sintercom India Limited on Monday announced the launch of its NSE Emerge SME initial public offer (IPO). The issue is scheduled to be open for subscription between February 5 to 7, 2018 with a price band of Rs. 63 to Rs. 65 per equity share of face value of Rs. 10 each.

Following stocks are close to their 52-week low as at 1.03 p.m. on January 29.

KSB Pumps has received orders of around Rs. 413 crores from Nuclear Power Corporation of India Limited (NPCIL). The orders are for supply of primary coolant pumps and electric motor along with auxiliaries and accessories for NPCIL's Gorakhpur Haryana Anu Vidyut Pariyojana – 1 & 2.

The markets on January 29 opened gap up. BSE Sensex is trading at 36,366.88, up by 316.44 points and the Nifty is trading at 11,152.45, up by 82.80 points. 

Newgen Software Technologies listed at Rs. 253 on BSE, at a premium of 3.3 per cent on its issue price of Rs. 245 per share after the company received a good response to its IPO offer.