Following stocks are close to their 52-week low as at 1.12 p.m. on May 16, 2018.

The markets on May 16, 2018 opened gap down. BSE Sensex is trading at 35,515.54, down by 28.40 points and the Nifty is trading at 10,777.05, down by 24.80 points. 

Vivimed Labs Limited, a pharmaceuticals and specialty chemicals company, has agreed to acquire Soneas through its API arm UQUIFA.

Its domestic business grew by 10.4 per cent while export growth was muted despite orders in hand due to delayed shipments.

The board of directors have recommended the dividend of Rs. 25 per share on equity share of Rs. 2 per share.

Ineos Styrolution reported strong quarterly performance across the board. The specialties business revenue also witnessed traction

Glenmark Pharmaceuticals launches its first inhaled respiratory product in Europe. The company has marketing and distribution right for the product in Europe.

Overall volumes in futures & options currently stand at 1.21 crore contracts with a turnover of Rs. 11,31,488.68 crore.

Overall volumes in futures & options currently stand at 1.21 crore contracts with a turnover of Rs. 11,31,488.68 crore.

A follow-through weakness and a close below the Monday’s session low (10,774) would signal a reversal in the market. In that case, we could see correction up to the levels of 10,690-10,650. Stocks in news: DLF, Shree Pushkar Chemicals and Fertilisers, Syngene International, MCX, Wockhardt, EPC Industries, Reliance Communications, Cyient and Tata Steel.