Following stocks are close to their 52-week low as at 1.26 p.m. on June 25, 2018.

The markets on June 25, 2018 opened gap down. BSE Sensex is trading at 35,585.15, down by 104.45 points and the Nifty is trading at 10,793.10, down by 28.75 points. 

Phoenix Mills’ (PML) wholly-owned subsidiary, Insight Hotels & Leisure has acquired an under-construction retail asset in Indore. PML has acquired the asset for Rs. 2.34 billion in an auction conducted by an Asset Reconstruction Company.

The US drug regulator, USFDA has cleared Biocon's sterile drug product unit after an inspection that ended last month.

The upcoming IPO of Varroc Engineering Ltd. will remain open for subscription from June 26-28, 2018. The issue consists of Offer for Sale (OFS) comprising of 2,01,21,730 equity shares with face value of Rs 1 per share. The IPO size is worth Rs 1945.77 crore. The price band is in the range of Rs 965-967 per share. The minimum lot size consists of 15 shares.

Overall volumes in futures & options currently stand at 79.84 lakh contracts with a turnover of Rs. 7,12,491.54 crore.

Overall volumes in futures & options currently stand at 79.84 lakh contracts with a turnover of Rs. 7,12,491.54 crore.

On Monday, we anticipate weakness might persist in the initial part of the trading session as cues from Asian peers are negative and the behaviour of the Nifty vis-à-vis the level of 10,840-10,850 continues to remain very decisive. Stocks in the news: Tata Communications, Biocon, Indian Hotels, Phoenix Mills, ICICI Bank, Symphony, Goa Carbon, Bombay Dyeing and Unichem Laboratories.

As we step into the F&O expiry week, we feel that Indian markets may open on a weak note as leads from the Asian markets are negative. This is on the back of media reports stating that the US President Donald Trump is planning to impose new curbs on Chinese investments in the US. The Nifty 50 index future on the Singapore stock exchange is currently trading lower by 50 points at 10,786.  

The Insurance Regulatory & Development Authority of India (IRDAI) has asked general insurance companies to submit third party vehicle insurance policies offering 3-year and 5-year insurance for cars and two-wheelers, respectively, and offer these options to their customers. The IRDAI directive to the insurers comes in the wake of the recommendation made by the Committee on Road Safety of the Supreme Court.