Spectrum Electrical Industries and Sky Gold Private have launched IPOs that are closing on September 21, 2018, while Garden Reach Ship is all set to launch an IPO on September 24, 2018.

Due to demonetization and aggressive promotion of mutual funds in the recent years, we have seen a spike-up of inflows in to mutual funds in India. Many of you may be investing in mutual funds. But have you ever wondered how mutual funds actually work? Let’s find out.

The board of Redington approved the buyback of 1,11,20,000 equity shares on Monday. The company will buy back at a price of Rs. 125 per share, which represents almost 20 per cent premium from its current market price of Rs. 104 per share.

Government calls for the merger of Vijaya Bank, Dena Bank into Bank of Baroda. The combined entity will form the third-largest bank in India with a total loan book of Rs. 14.82 lakh crore. Of the three, Dena Bank is the weakest, while Bank of Baroda and Vijaya Bank have cleaner books.

Overall volumes in futures & options currently stand at 82.31 lakh contracts with a turnover of Rs. 7,94,587.42 crore.

Overall volumes in futures & options currently stand at 82.31 lakh contracts with a turnover of Rs. 7,94,587.42 crore.

Going ahead, the opening would be crucial and any drift on the lower side may open up the likelihood for the index testing its 50-day SMA, which is currently place around the level of the level of 11,316. Stocks in news: Adani Ports, Gujarat Gas, Infosys, Bank of Maharashtra, Mcleod Russel, Aurionpro Solutions and Avenue Supermarts.

The overhang of a trade war will remain on Indian markets which are likely to open lower. Going ahead, traders will keep a close eye on the rupee movement as rupee breached 72.50/$ mark. The SGX Nifty is trading lower by 23 points at 11,366.    

The stocks that are likely to witness significant movement on the bourses on September 18 are Indraprastha Gas, Alembic Pharmaceuticals, Avenue Supermarts, IL&FS Transportation Networks Limited and SMS Lifesciences. 

Tata Elxsi, announced partnership with Ayla Networks to deliver value-added IoT services to communications service providers (CSP). The stock of Tata Elxsi withstood overall market pessimism and closed 1 per cent up from its previous close.