DSIJ Mindshare

Following stocks are close to their 52-weeks low as at 2:42 p.m. on April 18, 2019.

The markets on April 18, 2019 opened up. BSE Sensex is trading at 39,276.52, up by 0.88 points and the Nifty is trading at 11,790.30, up by 3.15 points. 

Quess Corp’s subsidiary Conneqt Business Solutions has signed definitive agreements to acquire a majority stake in Allsec Technologies. The transaction will involve Conneqt purchasing 35.35 per cent from the promoters, 26 per cent from First Carlyle Ventures Mauritius thereby acquiring majority control of 61.35 per cent. Conneqt will make an open offer to the public shareholders of Allsec to purchase up to 26 per cent of shareholding.

The debt-ridden airline operator issued a press release announcing the temporary suspension of flight operations on Wednesday night. The stock of Jet Airways dipped 27 per cent in the morning session on Thursday.

Overall volumes in futures & options currently stand at 1.54 crore contracts with a turnover of Rs. 10,54,523.93 crore.