Sebi continues with its endeavour to bring in more transparency in the way expense ratio are charged and disclosed.

Chalet Hotels Limited, a subsidiary of K Raheja Corp Group, owns and operates a chain of luxury and upscale hotels situated in prominent Indian cities.

Promoters of 3,007 companies listed on their equity platform pledged their holding and the value of pledged holding was at Rs. 2,33,827.61 crore, as on Wednesday, June 13, 2018.

In the coming session, a follow-through move above Tuesday’s session high of 10,857 may take Nifty towards the levels of 10,910-10,930. On the downside, the zone of 10,770-10,780 is a crucial support zone. Stocks in news: Wipro, TCS, Bharat Forge, Page Industries, Federal Bank, Sun Pharma, Videocon Industries, Reliance Industries, PNB and Essel Propack.

Indian markets are likely to make a negative start amid sluggish global cues. The traders will react to the May inflation and April IIP data. April IIP came in at 4.9% and Consumer Price Index (CPI) rose to a four-month high of 4.87% in May on higher cost of fuel and increase in prices of food articles. Nifty 50 index futures on the Singapore stock exchange is currently trading with a loss of 23 points at 10,823.  

Adding to the string of SME IPOs, Palm Jewels Limited became the 253rd company and Waa Solar Limited became the 254th company to get listed on the BSE SME Platform on Tuesday. 

The stocks that are likely to witness significant movement on the bourses on Wednesday, June 13 are V2 Retail Limited, Sun Pharmaceutical Industries Limited, Wipro Limited, Bharat Forge Limited, Bharat Heavy Electricals Limited and Tata Consultancy Services Limited.    

Indian benchmark Nifty witnessed its fifth consecutive intraday uptick with the levels heading downward sloping trendline levels at 10,875. Nifty breached its recent multiple resistance at 10,790 on a closing basis. With Nifty heading northwards three stocks hit their 52-week high levels during the day.

This is Bharat Forge’s third foremost initiative in the electric vehicle (EV) space.

TCS extended its agreement with M&G Prudential to cover latter’s additional 1.8 million customer policies. The stock of TCS surged for the fifth consecutive day on Tuesday and closed 1.8 per cent up. considering the weekly time frame, the stock has kind of formed a Flag pattern.