Following stocks are close to their 52-week low as at 12.52 p.m. on July 2, 2018.

The markets on July 2, 2018 opened up. BSE Sensex is trading at 35,130.90, down by 292.58 points and the Nifty is trading at 10,620.02, down by 94.25 points. 

Overall volumes in futures & options currently stand at 48.77 lakh contracts with a turnover of Rs. 4,35,467.26 crore.

Overall volumes in futures & options currently stand at 48.77 lakh contracts with a turnover of Rs. 4,35,467.26 crore.

BSE has announced entering into an agreement with Bombay Metal Exchange (BME) for the systematic development and growth of commodity derivatives markets in the Non-Ferrous Metals complex.

Even as the benchmark indices were bleeding, the newly listed stocks of RITES and Fine Organic gave investor something to cheer about, on Monday. RITES is trading 10 per cent higher than its listing price, while Fine Organic is up 3 per cent.

Going ahead, as we step into the first trading session of the July month, we may see a muted opening and the levels of 10,760, followed by 10,790, are likely to play out as immediate resistance levels for the Nifty. On the way down, immediate support level of Nifty is placed at 10,690, which also happens to be its 50-DMA. Stocks in news: Thermax, Bharti Airtel, Tata Steel, Endurance Technologies, MOIL, Cadila Healthcare, ONGC, Dilip Buildcon, Bharat Financial, Reliance Industries and Bosch.

A flat opening is in store for Indian markets as cues from Asian peers are tepid. The auto stocks will be in the limelight as auto numbers for June have once again flattered, albeit on a smaller base. Investors will also keep an eye on India’s manufacturing sector data for June which is slated to be released today. Nifty 50 index futures on the Singapore stock exchange is currently trading marginally down by 11 points at 10,680.  

When there is a monopoly or a duopoly in a sector or industry, you can be sure there are plenty of barriers to the entry of other players in the sector or the industry. Such companies make supernormal profits as they can dictate the price at which their products or services are available to the customers and, therefore, their shares command premium pricing on the stock markets.

The term ‘economies of scale’ is synonymous for efficiency in production of goods and services. It simply means that as the business grows bigger and bigger, the cost of production per unit declines progressively.