Motherson Sumi has completed acquisition of Reydel through a step-down subsidiary of the company. The stock of Motherson Sumi halted its three-day losing streak and bounced back more than 1.5 per cent on Friday. Recently, after a bounce from 274, the stock witnessed resistance breakouts at 308 followed by 316 and 325.

Indian services sector grew to the fastest since 2016 as the Services PMI rose to 54 in July as against 52 in June.

Inox Leisure and PVR quoted highs of close to 15 per cent and 10 per cent, respectively on Friday as they await ruling on the issue of price of foodstuffs sold in multiplexes.

Indiabulls Housing Finance reported strong earnings for the quarter with robust bottom-line growth.

Following stocks are close to their 52-week low as at 1.02 p.m. on August 3, 2018.

The markets on August 3, 2018 opened gap up. BSE Sensex is trading at 37,421.01, up by 255.85 points and the Nifty is trading at 11,317.65, up by 72.95 points. 

The stock of Jet Airways plunged by more than 5 per cent on Friday following buzz that the airline is facing a severe cash crunch. This has also revived expectation of a stake sale deal by the airline.

It has signed memorandum of understanding with the ministry for the project and the scope of work includes conceptualisation, design and construction of the 4,614 sqm India pavilion and other utilities, an official release said.

EBITDA for the quarter fell by 9.4 per cent yoy to Rs. 50.4 crore with a corresponding margin contraction of 295 bps. EBITDA margin for the quarter stood at 7.7 per cent.