DSIJ Mindshare

The company has signed an agreement to shut down its loss-making subsidiary in Indonesia. The stock reacted to this development and was locked in its upper circuit limit in Tuesday's morning session.

On the way up, the index may attempt to test the 100-day moving average placed at the level of 10,938, while on the downside, the gap area (10,815-10,845) which was formed on December 17 is likely to provide support to the index. Stocks in news: Tata Steel, Graphite India, Ashoka Buildcon, NMDC, Bombay Dyeing, Bank of Baroda and Glenmark Pharmaceuticals.

Indian benchmark indices are likely to open a tad lower following cautious mood in the Asian markets and sharp fall seen on Wall Street overnight. The SGX Nifty indicates Nifty could open around the level of 10,886, down by 27 points.   

The metal index gained 2 per cent on Monday as base metal prices increase in the global markets following the cautious optimism that the US and China will resolve their trade conflict soon.

The stocks most likely to witness significant movement on the bourses on December 18 are Godrej Industries, Kotak Mahindra Bank, IDBI Bank, Ashoka Buildcon and Lupin.