DSIJ Mindshare

In the coming session, if the index holds above the 10,660-10,650 levels, the pullback options would remain open. Stocks in news: Torrent Power, Sun Pharmaceuticals, Power Grid Corporation, Nestle India and Vascon Engineers.

Indian benchmark indices are likely to open tad lower on the final trading session of the week amid free fall on the Wall Street in overnight trading and negative cues prevailing in the Asian markets. Going ahead, traders will keep an eye on Nikkei Indian Services PMI for December. The SGX Nifty suggests that Nifty may open around the level of 10,716, down by 4 points.  

The stocks most likely to witness significant movement on the bourses on January 4, 2019 are Sun Pharmaceutical Industries, Dena Bank, Vijaya Bank and Bank of Baroda, National Highways Authority of India, Nestle India and ECL Finance.

The stock of Ajanta Pharma has reached near its downward sloping trendline resistance formed by connecting swing highs from October 2016, on the weekly time frame.

Markets plunge on negative global cues. Metals, Media and Auto stocks act as the biggest draggers. Index heavyweights like HDFC, Reliance and L&T pull down the benchmark index BSE Sensex by 377.81 points, on Thursday.