New Fund Offers (NFOs) that are open for subscription.

The Securities and Exchange Board of India (SEBI) upped its scrutiny of MFs by raising the surveillance bar. It did so by demanding that the fund houses provide quarterly information pertaining to the AI-based systems employed by them.

Trade war jitters drove markets downwards globally. Indian benchmarks followed the negative sentiment arising from the trade dispute between the US and China coupled with uncertainty due to the ongoing general elections, during the week.

The investments made by Mutual Funds in commercial papers and bonds that mature in 90 days plummeted to Rs. 3.24 trillion towards the end of March reporting the lowest figures in the last six quarters.

Larsen & Toubro was picked by our Bollinger Band squeeze scanner which suggests that the stock is near a consolidation breakout.

The plan to combine the steel business of Thyssenkrupp and Tata Steel in Europe have hit the road blocks. The European Commission is unimpressed by the concession offered by the steel makers and is likely to block the deal.

Global financial markets took a negative blow from the US president Donald Trump’s decision to hike tariffs on good worth more than US$200 billion imported from China. The said tariff hike takes effect from Friday, May 10, 2019.

Following stocks are close to their 52-weeks low as at 3:04 p.m. on May 10, 2019.

The markets on May 10, 2019 opened flat. BSE Sensex is trading at 37,672.82, up by 113.91 points and the Nifty is trading at 11,335.60, up by 33.80 points. 

Pharma major Lupin informed bourses about its launch of Clobazam Tablets, 10 mg and 20 mg. The company had received approval from the United States Food and Drug Administration (FDA) earlier.