Steel major Tata Steel has been declared as the successful resolution applicant for Bhushan Steel. 

With the intensified trade war between the US and China making headlines, global indices took a major plunge in Friday’s trade session.

Following stocks are close to their 52-week low as at 12.26 p.m. on March 23, 2018.

The markets on March 23, 2018 opened down. BSE Sensex is trading at 32,496.56, down by 509.71 points and the Nifty is trading at 9961.85, down by 152.90 points. 

Overall volumes in futures & options currently stand at 1.51 crore contracts with a turnover of Rs. 13,65,419.39 crore.

Overall volumes in futures & options currently stand at 1.51 crore contracts with a turnover of Rs. 13,65,419.39 crore.

The prices have accelerated by 10 per cent in the previous two weeks due to weak US dollar and lower US crude inventories.

Indian markets are expected to open with a sharp fall following sell-off in the global markets after Trump’s decision to impose tariffs on as much as $60 billion worth of Chinese goods imports, while China responded with retaliatory tariffs of $3 bn on 128 US products,  triggering a trade war between the two countries. The SGX Nifty is pointing to a gap-down opening, and Nifty is expected to open below the important psychological mark of 10,000.   

The level of 10,040-10,000 will be crucial for the Nifty as a decisive move below this level would trigger further sell-off, which may take Nifty towards the level of 9,930. 

The stocks that are likely to witness significant movement on the bourses on Friday, March 23, 2018 are L&T Technology Services Limited, Dilip Buildcon Limited, JSW Energy Limited, Infosys Limited and Alankit Limited.