Following stocks are close to their 52-week low as at 12.58 p.m. on September 04, 2018.

The markets on September 04, 2018 opened up. BSE Sensex is trading at 38,374.10, up by 61.58 points and the Nifty is trading at 11,588.45, up by 6.10 points. 

India's market regulator has re-issued a circular asking for Know Your Client (KYC) compliance from Foreign Portfolio Investors (FPIs). The move is aimed at curbing money laundering, especially ahead of 2019 general election.

Overall volumes in futures & options currently stand at 62.08 lakh contracts with a turnover of Rs. 6,07,405.41 crore.

Overall volumes in futures & options currently stand at 62.08 lakh contracts with a turnover of Rs. 6,07,405.41 crore.

Going ahead, Nifty has support placed around the level of 11,550, which is 50 per cent retracement level of the recent upmove, followed by 11,500, which is 61.8 per cent retracement level. On the upside, the level of 11,640 is likely to act as a stiff resistance for the Nifty. Stocks in news: Persistent Systems, Reliance Infrastructure, Hotel Leela venture, NHPC, Yuken India, Jet Airways, Reliance Capital and Idea Cellular.

Today, the markets are likely to make a cautious start amid negative global cues. Around the globe, investors are nervous about the possibility of an escalating trade war between the world’s two largest economies, US and China. On the domestic front, market participants will keep a close watch on the rupee and the bond yields. The SGX Nifty suggests that the Nifty could open lower by 2 points around the level of 11,628.  

The shares of Ashok Leyland climbed up more than 4 per cent intraday and closed at Rs. 133.40 per share, up by 3.21 per cent after the company announced its sales figures. The company’s sales increased by 27 per cent to 17,386 units YoY. Meanwhile, Tata Motors closed in red, down by 0.15 per cent at Rs. 266.70, despite reporting good sales numbers.

The company has won the contract for Hospital Management Information System (HMIS) from the Municipal Corporation of Greater Mumbai.

Reliance Infrastructure (Relinfra) announced the payment of all outstanding electricity duty and other taxes amounting to Rs. 2,640 crore payable to the Maharashtra government. Stock retreated in the second half of Monday’s session after rallying for 5 consecutive trading days and a half-day today, breaching previous day’s high.