Following stocks are close to their 52-week low as at 12.55 p.m. on August 27, 2018.

Anil Ambani led debt-laden telco, Reliance Communication has informed bourses that it has completed the sale of its fibre assets and related infrastructure assets, worth Rs. 3,000 crore.

The markets on August 27, 2018 opened gap up. BSE Sensex is trading at 38,687.89, up by 436.09 points and the Nifty is trading at 11,682.65, up by 125.55 points. 

Banks and metal stocks help benchmark indices scale new highs. The BSE Sensex touched a high of 38676.33, while Nifty hit a high of 11,677.15 points. The boarder market also participated in the rally. 

The water and effluent treatment business of L&T construction has won EPC orders worth Rs. 1,394 crore from the Water Resource Department, Government of Madhya Pradesh.  

Overall volumes in futures & options currently stand at 76.06 lakh contracts with a turnover of Rs. 7,19,822.91 crore.

Overall volumes in futures & options currently stand at 76.06 lakh contracts with a turnover of Rs. 7,19,822.91 crore.

Going forward, the zone of 11,486-11,500 is likely to act as a strong support zone as it is a gap area which was created as on August 20, 2018 and the lower end of a rising channel is placed near about the same level. While, on the way up, immediate resistance is seen around the level of 11,600, followed by 11,620.  Stock in news: Reliance Industries, Punjab Chemicals & Crop protection, Fortis Healthcare, Karda Constructions, JK Paper, DHFL, Reliance Naval and Engineering, V2 Retail and Bodal Chemicals.

A firm start is in the offing for the Indian markets as leads from the Asian peers are supportive. The bullish trend in SGX Nifty suggests that Nifty could open higher by 40 points around the level of 11,614. 

The investment horizon is a crucial factor that determines the returns on the investment. This factor is often overlooked by investors who expect to make a quick buck on the stock market within a matter of a few days or weeks.