DSIJ Mindshare

Indian markets are expected to open flat on Tuesday, tracking mixed trend seen in other Asian markets. The trend on SGX Nifty indicates a flat opening for Nifty with a loss of 2.50 points at 10,802.50. The Central Statistical Organisation (CSO) has pegged the full year GDP growth estimate for India at 7.2 per cent for the fiscal. The real growth rate of 7.2 per cent for the FY2018-19 will be higher than the 6.7 per cent reported in FY2017-18.  

The stocks most likely to witness significant movement on the bourses on January 8, 2019 are Syndicate Bank, Reliance Communications, Mahindra & Mahindra, Jet Airways and Bandhan Bank.

Axis Bank spiked up on Monday after Essar group announced that it has repaid all its dues to Indian banks including ICICI Bank and Axis Bank.

The stock of Titan was quoting as much as 4 per cent after it announced its Q3FY19 business update, during Monday’s trading session. The third quarter is a seasonally strong quarter for the company, thus leading to good growth momentum across all its businesses. 

The third quarter result season of IT services companies will start soon. We expect better growth in revenue and earnings in a seasonally weak quarter.