Following stocks are close to their 52-weeks low as at 12.39 p.m. on April 04, 2019.

The markets on April 04, 2019 opened flat. BSE Sensex is trading at 38,865.83, down by 11.29 points and the Nifty is trading at 11,640.15, down by 3.80 points. 

The Reserve Bank of India and the Monetary Policy Committee (MPC) during its first bi-month monetary policy meeting on Thursday cut the benchmark repo rate by 25 basis points (bps) to 6.00 per cent.

Godrej Properties has entered into a joint venture (JV) with a renowned developer to build a 4.25 acres sea-facing property in the prime suburban micro-market of Bandra West, Mumbai. The shares of the company rose 2 per cent in the morning session on Thursday.

Reliance Industries’ subsidiary Reliance Jio Digital Services (RJDSL) has entered into a business transfer agreement with Haptik InfoTech, India’s leading conversational Artificial Intelligence (AI) platform. The transaction size is estimated to be Rs. 700 crore with Rs. 230 crore as consideration for the initial business transfer and the balance for growth and expansion. The acquisition will result in Reliance holding 87 per cent of the business and Haptik founders and employees holding the remaining 13 per cent via stock option grants.

Good IPO offering days are back. Leading cable and electric goods manufacturer Polycab India's Initial public offering (IPO) opens on Friday, April 5, 2019. The IPO consists offer for sale of up to 1,75,82,000 equity shares and a fresh issue to raise Rs. 400 crore.

Overall volumes in futures & options currently stand at 1.43 crore contracts with a turnover of Rs. 9,80,410.34 crore.

Overall volumes in futures & options currently stand at 1.43 crore contracts with a turnover of Rs. 9,80,410.34 crore.

The level of 11,620 is a crucial support level for the index and if the index fails to hold this support, expect corrective action to continue and the index may test level of 11,570, followed 11,500. In today’s session the outcome of RBI monetary policy will provide further direction to the markets. Stock in news: Reliance Industries, Gujarat Gas, Godrej Properties, Godrej Agrovet, Coffee Day Enterprises, Mahindra and Mahindra, SRF, Shriram Transport Finance, CEAT.

Indian markets are expected to open the session with modest gains as, at the time of writing, SGX Nifty was quoting around 11,742, up by 29 points. Market participants would keenly watch the outcome of the RBI monetary policy which is due today. We would advise our readers to await the credit policy announcement before attempting any serious trades.