With the markets rallying up more than 200 points, the two new IPOs opening on Wednesday are experiencing positive investor interest. The IPOs of State-owned engineering consultancy RITES Limited and specialty chemical major Fine Organics are open for subscription until June 22, 2018.

Following stocks are close to their 52-week low as at 1.19 p.m. on June 20, 2018.

The markets on June 20, 2018 opened up. BSE Sensex is trading at 35,502.56, up by 215.82 points and the Nifty is trading at 10,765.55, up by 55.10 points. 

Anmol Industries Limited, a Kolkata-based biscuit maker, files papers for Initial Public Offering (IPO) with the SEBI. The issue comprises of equity shares aggregating up to Rs. 7,500.00 million via an offer for sale.

Sadbhav Infrastructure Project has signed maintenance contract worth Rs. 55 crore with wholly-owned subsidiary (WOS) – Sadbhav Jodhpur Ring Road for maintenance and repairs works during the tenure of the development and construction work. 

Overall volumes in futures & options currently stand at 73.89 lakh contracts with a turnover of Rs. 6,67,240.74 crore.

Overall volumes in futures & options currently stand at 73.89 lakh contracts with a turnover of Rs. 6,67,240.74 crore.

Going ahead, there is cluster of support in the zone of 10,650-10,700. Stocks in news: Kansai Nerolac, DCM Shriram, MPS, Oberoi Realty, Cipla, Infosys and Wheels.

The stock markets in India are expected to witness a quiet start on Wednesday as cues from the Asian peers are mixed. The trade war between the US and China appears to be escalating by the day and this is likely to keep the markets on the tenterhooks. The Nifty 50 index futures on the Singapore stock exchange are currently trading with modest loss of 8 points at 10,719.  

Mutual fund investor who don’t want to take much risk usually looks at the debt funds as the safer investment avenues. Post categorisation and reclassification, the arena of debt funds have been revived. Out the debt fund basket, floater fund is one of the lesser known mutual funds.