The markets on July 12, 2019 opened gap down. BSE Sensex is trading at 38,835.49, up by 12.38 points and the Nifty is trading at 11,586.60, up by 3.70 points. 

The first company to react to the 20 per cent buyback tax introduced in the Union Budget is KPR Mills. KPR Mill on Thursday informed the bourses that it would withdraw its buyback scheme owing an increase in the amount of Buyback obligation due to the tax proposed in the Finance Bill 2019. 

The stock of Intellect Design Arena was picked by our Bollinger Band squeeze scanner which suggests that the stock is near a consolidation breakout.

Quess Corp's board approved the allotment of the company's preferential equity shares to Amazon.com NV Investment Holdings LLC for Rs. 50.99 crore. Reacting to the development, the stock was buzzing and move up more than 8 per cent on Friday.

Gravita India informed the bourses that its subsidiary, Gravita Tanzania Limited has started commercial production of aluminum cast alloys at its new plant situated at Tanzania, Africa

US-based wholly-owned subsidiary of Trigyn Technologies has been awarded a contract along with multiple other companies by the New York State OGS, in the US. The stock was up more than 10 per cent on Friday.

Overall volumes in futures & options currently stand at 2,88,80,049 contracts with a turnover of Rs.19,43,857.18 crore.

Overall volumes in futures & options currently stand at 2,88,80,049 contracts with a turnover of Rs.19,43,857.18 crore.

The Nifty needs to get past its crucial resistance zone of 11,600-11,625. In case of failure to cross the hurdle of 11,600 on the upside, there would be extended consolidation in the range of 11,400-11,600 in the coming sessions. Stocks in news: Kernex Microsystems, Cox & Kings, Trigyn Technologies,Gravita, Salzer Electronics.

In the early action, the SGX Nifty is trading below the dotted line, down by 9 points at the 11,572 level. Hence, the outlook for the day is a subdued start as cues from Asian peers lack clear direction.