Brent oil rose on Friday after witnessing three consecutive red days as Russia and Saudi Arabia called for an increase in the output. The outcome of the meet has been discounted and Brent rose on Friday expecting a output hike by OPEC in the meeting scheduled later during the day.

In testing market condition on the last trading day of the week as well as the last day of subscription for two IPOs RITES and Fine Organics, investors seem to be wanting to subscribe these IPOs.

Following stocks are close to their 52-week low as at 12.23 p.m. on June 22, 2018.

The markets on June 22, 2018 opened flat. BSE Sensex is trading at 35,467.30, up by 34.91 points and the Nifty is trading at 10,750.75, up by 9.65 points. 

Overall volumes in futures & options currently stand at 1.75 crore contracts with a turnover of Rs. 17,57,000.41 crore.

Overall volumes in futures & options currently stand at 1.75 crore contracts with a turnover of Rs. 17,57,000.41 crore.

Steel major, JSW Steel has proposed a plan to invest approximately US$ 500 million in the newly acquired US company Acero Junction Inc, in a phased manner.

On the downside, the zone of 10,650-10,700 will act as a strong support zone as Nifty has cluster of support placed in this region. Stocks in news: JSW Steel, HCL Technologies, KPIT Technologies, Karnataka Bank, AstraZeneca Pharma India, Havells and Astral Poly Technik.

The Indian stock markets are likely to see a cautious opening as cues from the Asian peers are adverse on the back of the lingering concerns of trade war and OPEC meeting outcome. The Nifty 50 index futures on the Singapore stock exchange are currently trading with loss of 28 points at 10,705.  

As trade war deepens across the globe, India doesn’t want to stay back wounded. Hike in import tariffs levied by India will counter the increased import duty imposed by the US on steel and aluminium imports. The tariff will be in place from August 4.