DSIJ Mindshare

The market experienced volatility during the early hours of trade on Friday, during the morning half market saw choppy trading, but as the day progressed the market breath was in favour of advances. ICICI Bank contributed most to the index gains, followed by L&T, HDFC Bank and SBI.

The backdrop of rising US oil inventories and concern over economic slowdown weighed on the oil prices resulting in Brent Crude oil losing most in calendar year 2019. On Thursday, Brent Crude fell nearly 5 per cent and ended at US$ 67.76 per barrel.

Theresa May, the Prime Minister of the United Kingdom, announced on Friday that she would resign from her office on June 7. In her address to the media, May expressed regret that she could not deliver Brexit. European markets cheers the development, London-based FTSE 100 was trading at 7,281.30, up by 50.26 points or 0.70 per cent on Friday's morning session.

The company reported net Profit of Rs. 79.99 crore in Q4FY19 as against Rs. 12.27 crore in Q4FY18, registering a growth of 551.92 per cent. Reacting to the results, the stock of Allcargo Logistics was buzzing on Friday.

Following stocks are close to their 52-weeks low as at 2:08 p.m. on May 24, 2019.