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The shares of HCL Technologies plummeted 4.20 per cent during Friday morning’s trading session as the company announced that it would be acquiring select IBM software products for $1.8 billion. Once the required regulatory reviews are concluded, the transaction will be closed around mid-2019. 

Following stocks are close to their 52-week low as at 12.31 p.m. on December 07, 2018.

The markets on December 07, 2018 opened gap up. BSE Sensex is trading at 35,509.85, up by 197.72 points and the Nifty is trading at 10,642.90, up by 41.75 points. 

Overall volumes in futures & options currently stand at 3.46 crore contracts with a turnover of Rs. 18,78,740.17 crore.

Overall volumes in futures & options currently stand at 3.46 crore contracts with a turnover of Rs. 18,78,740.17 crore.

Going ahead, the area of 10,573-10,586 is likely to act as an immediate support as it is the 50-day moving average and 78.6 per cent retracement level of the current upmove. Stocks in news: HCL Technologies, NHPC, Zydus Wellness, Wipro, Coal India, Majesco, Sagar Cements, REC and Khadim India.

Indian markets are expected to open in the green on the back of stable cues from the Asian peers and the late rally which was seen on Wall Street which helped to erase majority of the day’s losses. The SGX Nifty Index Future trading with gains of 66 points indicate Nifty may open around 10,690 level. 

The stocks most likely to witness significant movement on the bourses on December 7 are Muthoot Finance, Info Edge (India), Aurobindo Pharma, Wipro and Allahabad Bank. 

The shares of Sagar Cements rose 3 per cent during the Thursday morning trading session after the company announced that it would be increasing its stake in Jajpur Cements and Satguru Cement.