Following stocks are close to their 52-week low as at 1.14 p.m. on July 23, 2018.

The markets on July 23, 2018 opened up. BSE Sensex is trading at 36,550.29, up by 53.92 points and the Nifty is trading at 11,033.95, up by 23.75 points. 

Overall volumes in futures & options currently stand at 59.72 lakh contracts with a turnover of Rs. 5,24,534.82 crore.

JMC Projects (India), a listed subsidiary of Kalpataru Power Transmission Ltd, has secured new orders worth Rs. 556 crore.

Overall volumes in futures & options currently stand at 59.72 lakh contracts with a turnover of Rs. 5,24,534.82 crore.

This effort is likely to minimize the risk arising from foreign currency fluctuation as localized sourcing would reduce imports by nearly 20 per cent. Currently, the import content is 38 per cent of the company's raw material cost.

The acquisition would improve the combined annual revenues by US$ 400-500 million. Besides, it would result in annual cost synergies of US$200 million. 

Samsung Engineering Co. Ltd. has given approval to Cords Cable Industries Ltd. to be its pre-qualified supplier for international orders. This global level approval is for a period of five years starting from August 1, 2018.

The latest revision of GST rates is likely to have a positive impact on a couple of sectors including paints, electronic goods and hospitality. Major listed companies in these sectors were buzzing in early trade on Monday.

In Monday’s session, if Nifty continues to trend northwards tracking Friday’s optimism, then we hold 11030-11080 as the major resistances, followed by 11120. However, if Nifty retreats from here, we hold 10980-10925 as the major support area followed by 10880 level.