DSIJ Mindshare

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.

Integrated construction company Ahluwalia Contracts surged as much as 7 per cent to touch intra-day high of around Rs. 305 apiece, after the company informed the bourses that it has bagged order worth nearly Rs.425.42 crore.

Power Mech Projects, an engineering and construction company, received two orders in Tamil Nadu and Karnataka for different capacity of thermal power plants.