Stating that the bid offered by the JV between Dosti Realty and Suraksha Asset was too low for the assets of Jaypee Infratech, the committee of creditors (CoC) rejected the offer.

International funds are the funds which invest in the foreign securities. These funds not only gave investors decent returns but also have some risks associated with them. Investors need to be aware of these factors while investing in international funds.

Going ahead, Nifty may continue its upward momentum and attempt to test the swing high of 10,785. However, this level will continue to act as strong resistance. Stocks in the news: Avanti Feeds, Hikal, Nestle, Cipla, Reliance Infra, Tata Metaliks, PNC Infratech, Ashoka Buildcon, Welspun Enterprises and Star Cement.

Key benchmarks indices are expected to open flat to positive as leads from global markets are encouraging. The SGX Nifty indicates Nifty may open around the level of 10,773. 

Royal Enfield posted its highest ever quarterly revenue from operations at Rs. 2,528 crores for Q4FY18, a growth of 34 per cent over the corresponding period last year.

The company has clarified that Aburi Composites is making false claims and is spreading rumour against Time Technoplast. The London-based company has filed a FIR with EOW against the company for cheating.

Dr Lalchandani Labs became the 242nd company to get listed on the BSE SME Platform, on Wednesday.

Automobile major Tata Motors surged by over 4 per cent on the bourses in Wednesday’s intraday trade as the company’s wholly-owned subsidiary Jaguar Land Rover posted a rise of 11.9 per cent in its sales for April 2018 on a year-on-year basis.

Following stocks are close to their 52-week low as at 12.45 p.m. on May 9, 2018.

The markets on May 9, 2018 opened up. BSE Sensex is trading at 35,271.29, up by 54.97 points and the Nifty is trading at 10,727.65, up by 9.85 points.