Following stocks are close to their 52-weeks low as at 12.38 p.m. on March 27, 2019.

In an effort to boost liquidity in the market ahead of general election, the country’s central bank, RBI has purchased US$ 5 billion through long-term forex swap auction.

The markets on March 27, 2019 opened gap up. BSE Sensex is trading at 38,411.22, up by 177.81 points and the Nifty is trading at 11,540.25, up by 57.00 points. 

Overall volumes in futures & options currently stand at 1.74 crore contracts with a turnover of Rs. 11,71,155.12 crore.

Overall volumes in futures & options currently stand at 1.74 crore contracts with a turnover of Rs. 11,71,155.12 crore.

Cement prices were on a path of ascension until March 2019. This trend continued until the companies had to roll back the hike to a certain extent in the northern and southern regions due to subdued demand.

Going ahead, the level of 11,510, followed by 11,570, will act as resistance levels, and on the flip side, the level of 11,390 is likely to act as a support level, followed by 11,311. Stock in news: GMR Infrastructure, Meghmani Organics, Persistent System, PNB, Unitech.

The outlook for the day is a flat start with a negative bias in early trading. There could be jitters as former RBI governor; Raghuram Rajan has expressed doubts on India’s ability to grow GDP at 7 per cent if sufficient jobs are not created. Also, he hinted at the confusing signals coming on the quality of data and suggests that the government must come clean on a single reliable source. At the time of writing, the SGX Nifty was trading down by 24 points at 11,500.

Mumbai-based engineering company, Hindustan Construction Company (HCC) agrees to a proposal to monetize its arbitration awards and claims to raise around Rs. 1,750 crore.

The stocks that are likely to witness significant movement on the bourses on March 27 are Unitech, Reliance Industries, ITC, BPCL, Mayur Uniquoters, PNB and Mahindra & Mahindra Financial Services.