The markets on July 03, 2019 opened gap down. BSE Sensex is trading at 39,868.47, up by 51.99 points and the Nifty is trading at 11,919.95, up by 9.65 points. 

Overall volumes in futures & options currently stand at 1,37,43,435 contracts with a turnover of Rs.9,65,185.21 crore.

Overall volumes in futures & options currently stand at 1,37,43,435 contracts with a turnover of Rs.9,65,185.21 crore.

Sustaining above the level of 11,920 will take the index towards the 12,000 level. On the downside, the 20-DMA is likely to act as a strong support, which is placed around 11,832 level. Stocks in news: Tourism Finance Corporation of India, Uco Bank, Allahabad Bank, Aditya Birla Fashion and Retail, Kalpataru Power Transmission, Graphite India.

The Indian benchmark indices are expected to open on a flat note as cues from Asian peers are negative. At the time of writing, SGX Nifty was trading up by 19 points at the 11,962 level.

Erickson Incorporated has selected Ramco Systems to implement its Aviation M&E MRO Solution V5.8. The stock of Ramco Systems gains over 8 per cent intraday.

KPTL to acquire 19.94 per cent stake in Shree Shubham Logistics for consideration of Rs. 64.66 crore by signing a definitive agreement with Tano India Private Equity Fund II (Tano).

Strides Pharma has received a warning letter from USFDA for its Puducherry facility. Reacting to this development, the stock of the company fell by 4 per cent.

The stocks to watch out on July 3 include Hexaware Technologies, Graphite India, Panorama Studios, Rathi Graphic Technologies and KPTL.

The company had filed a plea in the Supreme Court with regards to the cancellation of PPA with Gujarat Urja and the same has been allowed by the court. The stock of Adani Power traded close to its upper circuit limit of 10 per cent on Tuesday.