In the coming session, the opening upside gap of 11,486-11,500 which was created on August 20, 2018, is likely to act as an immediate support. On the way up, the level of 11,600 is likely to act as a barrier. Stocks that are likely to witness significant movement on the bourses are FDC, HCL Technologies, CG Power and Industrial Solutions, ICICI Lombard General Insurance, Goa Carbon, Apollo Tyres, NR Agarwal Industries and Reliance Infra.

We expect a muted opening for the Indian markets on Tuesday on the back of lacklustre trading in Asian markets. The SGX Nifty suggests that Nifty could open unchanged at 11,584.  

The Indian key benchmark indices reclaimed all-time high level for the first time after August 9 where Nifty Metal index led the move gaining 2.5 per cent on Monday. Recently, the index broke out of the downward sloping trendline yet again on closing basis supported by volumes and 14-period RSI positive crossover cuing momentum.

Maruti Suzuki, auto major and the largest carmaker by market capitalisation has launched a premium sedan Ciaz model. The model is expected to provide a fuel efficiency of 21.56 km/litre and 28.09 km/litre in manual petrol variants and diesel, respectively. he price of the car starts at Rs. 8.19 lakh.

The stock of Goa Carbon opened gap-up and soon hit upper circuit on Monday. This upsurge in the stock was a result of the resumption of regular operations at the company's Goa plant.

Indian Hume Pipe Limited has bagged an order of Rs. 256.19 crores from Tamil Nadu Water Supply & Drainage Board, Coimbatore.

This acquisition would help Tanla Solutions become a global leader in business cloud communications. The deal is expected to close by October 2018 and is subject to approval from Tanla’s shareholders and regulators, if any.

The Board of Directors of Infosys have accepted the resignation of M. D. Ranganath, the Chief Financial Officer of the company. The stock of Infy has taken a hit from this news and was trading at Rs. 1,401 per share, down by over 2 per cent, at10:33 hours on Monday.

Ratnamani Metals & Tubes has received two new orders for supply of CS Pipes from the Oil & Gas sector. Following the development, the stock was quoting Rs. 869.65 per share, up by 1.08 per cent, at 11:46 am on Monday.

Taking cue from Fitch Ratings' commentary on the Indian economy, the benchmark indices BSE Sensex and Nifty50 are charting all-time highs. The BSE Sensex was at 38,224.93, up by 277.05 points or 0.73 per cent, while Nifty50 was comfortably trading at 11,537.10, up by 66.35 points or 0.58 per cent at 10:30 am, on Monday.