The markets on June 29, 2018 opened gap up. BSE Sensex is trading at 35,324.88, up by 287.24 points and the Nifty is trading at 10,682.20, up by 93.10 points. 

The shareholding pattern of ICRA, as of the end of March, showed that Punjab National Bank was holding almost 3,40,000shares, which represents almost 3.43 per cent stake.

India International Clearing Corporation Ltd. (India ICC), the clearing arm of India International Exchange (India INX) has announced the acceptance of AAA-rated international sovereign securities as collateral from its clearing members and custodians.

Overall volumes in futures & options currently stand at 2.14 crore contracts with a turnover of Rs. 19,55,855.51 crore.

Overall volumes in futures & options currently stand at 2.14 crore contracts with a turnover of Rs. 19,55,855.51 crore.

HDFC Asset Management Company (HDFC AMC) is the country’s largest mutual fund and is in news recently. SEBI has given a go ahead to HDFC Mutual Fund for its IPO. 

As we step into the last trading session of the quarter, we are likely to see a flat to positive start. The level of 10,530 is going to be a crucial support level as it is 100-DMA, followed by 10,490. On the way up, the levels of 10,635, followed by 10,660, are likely to act as stiff barriers. Stocks in news: Camlin Fine Sciences, JSW Energy, Fortis Healthcare, Bank Overseas, Kalpataru Power Transmission, Wipro, Clariant Chemicals, Adani Ports, Zee Media, Bharat Financial and RBL Bank.

The outlook for the day is a quiet start with a positive bias as Asian peers are trading mixed. Investors will keep an eye on the rupee-dollar movement and any further weakness could lead to concerted selling by FPIs. Nifty 50 index futures on the Singapore stock exchange is currently trading marginally higher at 10,599.   

The direct plans are already a big hit with the HNIs (high networth investors) and institutional investors since their inception. Moreover, with an increased investment from small-town investors, the direct plans are emerging as the favourite choice for investment in mutual funds.

NFO is nothing but the first time subscription offer for a newly launched funds. The NFO’s are launched with an aim to raise the capital for the scheme by the fund houses.