DSIJ Mindshare

The year 2018 was very volatile for large-cap stocks. The S&P BSE Large-cap index has struggled in the last one year and currently, it has settled at the same level where it was one-year back at 4,223. It had touched a 52-week high of 4,573.03 on September 3, 2018, and 52-week low of 3,867.52 on October 26, 2018.

Gold prices have formed a contracting triangle kind of pattern and the volume and price movement are getting squeezed.

Reliance Industries posted solid Q3FY19 show and became the first Indian private firm to cross Rs. 10,000 crore quarterly profit mark, on account of strong performance by petrochemicals, retail and digital services business.

Global chemicals major BASF and Adani Group are exploring acrylics value chain business opportunities out of Mundra, Gujarat. The two companies are planning to jointly produce several chemicals for the domestic industry.

Following stocks are close to their 52-week low as at 12.45 p.m. on January 18, 2019.