The asset under management of Indian mutual fund industry declined by 2.83 per cent in the month of May 2018 on monthly basis. 

Following stocks are close to their 52-week low as at 12.36 p.m. on June 12, 2018.

Steel business contributes a profit before tax of Rs 99 crore where as the wire and wire rope business contributes Rs. 209 crore profits which states that the wire business is more profitable than the steel.

The markets on June 12, 2018 opened flat. BSE Sensex is trading at 35,705.54, up by 222.07 points and the Nifty is trading at 10,847.50, up by 60.55 points.

Popular distribution platform, BSE StAR MF processed over 4.72 lakh transactions on a single day, on June 11, 2018. The total transaction amounted to Rs. 660 crore. The platform's previous highest record was 4.34 lakh on March 12, 2018.

Post SEBI’s circular about the categorisation and reclassification many of fund houses have now standardised the scheme structure to adhere to the new norms. With the implementation of these changes, now investors can look forward to standardizing the structure of funds within a particular category. 

Overall volumes in futures & options currently stand at 59.32 lakh contracts with a turnover of Rs. 5,40,038.38 crore.

Overall volumes in futures & options currently stand at 59.32 lakh contracts with a turnover of Rs. 5,40,038.38 crore.

The company's US subsidiary has received FDA approval for Oseltamivir Phosphate Capsules, prescribed for the treatment of viral influenza.

Going ahead, the zone of 10,835-10,850 will continue to offer stiff resistance and a decisive move above this zone may lead to further upside up to the levels of 10,920-10,935. On the way down, supports may come in at 10,750, followed by 10,730. Stocks in news: Infosys, ICICI Bank, Fortis Healthcare, Strides Shasun, Orchid Pharma, Kridhan Infra, Usha Martin and KDDL.