The stock of Raymond Limited has given downward sloping trendline breakout on weekly scale. The breakout was supported by strong volumes.

The level of 11,880 is likely to act as an immediate resistance; however, sustaining above the level of 11,880 would open up gates for all-time high levels of 12,041. On the downside, the last week low of 11,592 is likely to act as a strong support zone for the index and, as long as the index stays above this zone, it will pave the way for the index to reach the level of 12,200 in the short-medium term. Stocks in news: Info Edge, IDFC, V-Mart Retail, Salzer Electronics, Khadim India, Manpasand Beverages.

At the time of writing, SGX Nifty is trading at 11,852 level, down by 25 points. Adani Port, BHEL, Colgate Palmolive, GAIL, INDIGO, KSCL, OIL and ZEEL are some of the key results to remain in focus today.

New Fund Offers (NFOs) that are open for subscription.

The stocks that are likely to witness significant movement on the bourses on May 27 are JSW Steel, Omaxe, Salzer Electronics, Page Industries and Gruh Finance.

Salzer Electronics Limited has entered into a share purchase agreement for acquisition of shares representing 72.32 per cent stake in Kaycee Industries Limited from its principal promoter Universal Trust Private Limited.

The market experienced volatility during the early hours of trade on Friday, during the morning half market saw choppy trading, but as the day progressed the market breath was in favour of advances. ICICI Bank contributed most to the index gains, followed by L&T, HDFC Bank and SBI.

The backdrop of rising US oil inventories and concern over economic slowdown weighed on the oil prices resulting in Brent Crude oil losing most in calendar year 2019. On Thursday, Brent Crude fell nearly 5 per cent and ended at US$ 67.76 per barrel.

Theresa May, the Prime Minister of the United Kingdom, announced on Friday that she would resign from her office on June 7. In her address to the media, May expressed regret that she could not deliver Brexit. European markets cheers the development, London-based FTSE 100 was trading at 7,281.30, up by 50.26 points or 0.70 per cent on Friday's morning session.

The company reported net Profit of Rs. 79.99 crore in Q4FY19 as against Rs. 12.27 crore in Q4FY18, registering a growth of 551.92 per cent. Reacting to the results, the stock of Allcargo Logistics was buzzing on Friday.