DSIJ Mindshare

The stock of Eveready was surging in morning trade on the back of news that its promoter is looking to sell stakes. The stock was up by more 16 per cent in early trade on Friday, while Williamson Magor was stuck in upper circuit.

Going ahead, the 100-day moving average, which is currently placed at 10,862, is likely to act as an immediate resistance level, followed by 10,920. Stocks in news: Praj Industries, NBCC, Shakti pump, Reliance Industries, KNR Constructions, Lemon Tree Hotels and Container Corporation of India.

We expect a stable start for the Indian markets as cues from Asian peers are supportive. The trend on SGX Nifty indicate Nifty to open with an uptick of 0.25 per cent at 10,888. Some of the key names like Infosys and Karnataka Bank will announce their quarterly earnings today. Additionally, India’s industrial production data for November will be out today.

TCS, the country's largest IT firm, reported stable Q3FY19 numbers despite seasonally weak quarter. 

The stocks most likely to witness significant movement on the bourses on January 11, 2019 are Himachal Futuristic Communications, Indian Hume Pipe Company, Tera Software, TCS and Tata Motors.