Following stocks are close to their 52-weeks low as at 12.55 p.m. on April 10, 2019.

The markets on April 10, 2019 opened gap down. BSE Sensex is trading at 38,875.45, down by 63.77 points and the Nifty is trading at 11,660.15, down by 11.80 points. 

Praj Industries has signed a Construction License Agreement (CLA) with Gevo, Inc, USA to commercialise the technology for the production of lsobutanol using sugary-based feedstocks, such as juice, syrup and molasses.

Overall volumes in futures & options currently stand at 1.44 crore contracts with a turnover of Rs. 9,74,652.40 crore.

Overall volumes in futures & options currently stand at 1.44 crore contracts with a turnover of Rs. 9,74,652.40 crore.

Info Edge has invested Rs. 6 crore via its wholly-owned subsidiary in Bizcrum Infotech (ShoeKonnect). The company has acquired 60,00,000 @ 0.01 per cent Compulsorily Convertible Preference Shares having a face value of Rs. 10 each. The aggregate shareholding of the company post this investment would be 29.79 per cent on a fully converted and diluted basis.

The stock of Firstsource Solutions has given downward sloping trendline breakout on Tuesday formed by connecting swing highs from December 4, 2018. The breakout was supported by justifiable volumes. Additionally, the stock formed a sizeable bullish candle on breakout day, which adds strength to the breakout.

Sadbhav Engineering Limited was picked by our Bollinger Band squeeze scanner which suggests that the stock is near a consolidation breakout.

As Nifty is consolidating since last four days between 11,550 and 11,710, going ahead, a breakout from this trading range would lead to a sharper move on either side. Watch these levels closely and if it closes below or above the support and resistance levels, it will lead to explosive moves. Stocks in news: Majesco, IndusInd Bank, Vodafone Idea, Avenue Supermarts, Praj Industries, Tata Sponge Iron.

Considering the early action in SGX Nifty and the Asian peers, it appears that the Indian benchmark indices are expected to open lower. Digging deeper, scaring the market participants the most is the global growth forecast from IMF as it cut global growth outlook amidst global trade tensions. Also, the US President Donald Trump threatened to impose tariffs on $11 billion worth of European Union (EU) products and the latest statement from the EU suggests these countries will retaliate. At the time of writing, SGX Nifty was trading around 11,709 levels down by 40 points.