Yet another NBFC plans to hit the market and expects to raise ~Rs.1840 – 1844 crore. The IPO comprises a fresh issue of equity shares aggregating up to Rs. 700 crores and offer of sale of up to 2,00,00,000 equity shares in which Indostar Capital is the major promoter selling its stake of up to 1,85,08,407 shares.

In a landmark judgement, the Indian Supreme Court upheld the decision of Delhi High Court which refused to grant patent to the global agro-biotech major Monsanto for its GMO Bt. cotton seeds in India.

Overall volumes in futures & options currently stand at 41.96 crore contracts with a turnover of Rs. 3,69,960.32 crore.

Overall volumes in futures & options currently stand at 41.96 crore contracts with a turnover of Rs. 3,69,960.32 crore.

Going ahead, the index is expected to face resistance at the level of 10,750, followed by 10,780. As far as support is concerned, the level of 10,680, followed by 10,630, would be seen as the immediate levels of support.  Stocks in the news: NDTV, Unichem Lab, Lupin, Veto Switchgears and Cables, Cigniti Technologies and Tata Metaliks.

Indian equity markets are likely to extend their upmove on Tuesday following firm cues from global markets. The SGX Nifty is indicating that Nifty may open up by 24 points at 10,770.  

In terms of full year, the revenue for FY18 surged 49 per cent YoY to Rs 268.8 crore. Its EBITDA for the year rose to Rs 102.1 crore, up by 73 per cent YoY.

Dwarikesh reported net loss of Rs. 9.2 crore in the quarter as against Rs. 45.97 crore profit in the corresponding quarter of last year.

The board of directors have recommended a dividend of Rs.7 per share on equity share of Rs.10 each subject to the approval of shareholders.

The fastest growing Indian mutual fund industry offers various investment avenues to the investors. Multi-cap funds are one of them and stands as an unique offering. Multi-cap funds are diversified equity funds which invest across different market capitalization in varying proportion to meet the investment objectives.