In a significant development, PremjiInvest, the investment firm of Azim Premji, bought 6 per cent stake in Future Retail from Bharti Group for a total sum of Rs. 600 crore.

Market regulator SEBI has ordered mutual fund houses to disclose the total expense ratio (TER) of each scheme under both direct and regular plans on a daily basis.

Demand for the newly launched models including Land Rover Discovery, Jaguar E-PACE and Range Rover Velar supported the uptick in the sales figures.

To investors’ relief, prawn and fish feeds manufacturer Avanti Feeds shot up by over 18 per cent on the bourses in Thursday’s intraday trade. The stock had dipped by over 40 per cent on the bourses since April 2018.

In the recent monetary policy review meet, RBI hiked repo rates by 25 basis points and adjusted the reverse repo rate under the LAF to 6 per cent. The marginal standing facility (MSF) rate and the Bank Rate is now 6.50 per cent.

Following stocks are close to their 52-week low as at 12.56 p.m. on June 7, 2018.

The markets on June 7, 2018 opened gap up. BSE Sensex is trading at 35,552.41, up by 373.53 points and the Nifty is trading at 10,795.60, up by 110.95 points. 

PVR on Thursday announced the launch of a 5 screen multiplex at Vellore, Tamil Nadu. 

Videocon Industries was locked in a lower circuit in early morning trade on Thursday following the news that the National Company Law Tribunal (NCLT) admitted a plea from lenders to initiate a resolution process.

Overall volumes in futures & options currently stand at 87.66 lakh contracts with a turnover of Rs. 8,29,823.12 crore.