Following stocks are close to their 52-week low as at 12.37 p.m. on December 14, 2018.

In a major blow to Fortis Healthcare's efforts to sell stake, the Supreme Court of India has put on hold the Rs. 4,000 crore deal between IHH Healthcare Berhad and Fortis on Friday. Reacting to this development, the stock of Fortis Healthcare plunged more than 8 per cent.

The markets on December 14, 2018 opened gap down. BSE Sensex is trading at 35,924.65, down by 4.99 points and the Nifty is trading at 10,790.35, down by 1.20 points. 

The dispute settlement tribune for the telecom industry rejects TRAI's rules for penalising telecom companies on predatory pricing practices. The TDSAT ruled that TRAI had issued the new definition and rules without enough consultation with the industry.

Overall volumes in futures & options currently stand at 3.27 crore contracts with a turnover of Rs. 18,23,784.25 crore.

Overall volumes in futures & options currently stand at 3.27 crore contracts with a turnover of Rs. 18,23,784.25 crore.

Going ahead, the 200-day moving average, which is placed around the level of 10,755, is likely to act as an immediate support level, whereas on the upside, Thursday session's high which stands at 10,839 is likely to pose resistance. Stocks in news: Lupin, IOC, Adani Enterprises, Adani Enterprises, Premier Explosives and NMDC.

Indian shares look set to open lower on Friday following weak cues from the Asian peers. The SGX Nifty is currently at the 10,776 level, down by 50 points. Going ahead, the market participants will keep a close watch on WPI data for November, which will be released today along with the data on balance of trade in November.  The central board of the Reserve Bank of India (RBI) will meet today under the new Governor Shaktikanta Das and, as per the reports, the meeting is likely to review the progress made on some of the decisions taken in the last meeting.   

The stocks most likely to witness significant movement on the bourses on December 14 are Jain Irrigation Systems, Yes Bank, Lupin, Indian Oil Corp and SSWL.

Jain Irrigation Systems, India’s largest micro-irrigation company, bagged orders worth Rs. 584 crore from the Karnataka Neeravari Nigam Limited, a division of Water Resources Department of Karnataka, through National Competitive Bidding. The order pertains to an Integrated Micro Irrigation Project in Karnataka.