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.

The share price of DCM Shriram shot up by over 12 per cent in Tuesday’s trade as news surfaced that the company will be considering a share buyback proposal on June 18.

The share price of Orchid Pharma soared by over 5 per cent to get locked at its upper circuit in Tuesday’s intraday trade as the company bagged the EU Good Manufacturing Practice certification.

With the increasing awareness and penetration, the MF industry is witnessing a huge elevation in its AUM as well as folios. The number of folios has grown by over 12 lakh in just one month to reach an all-time high of 7.35 crore at the end of May 2018.

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.