Update on NFO (New Fund Offer) that are currently open for subscription.

Aavas Financiers plans to raise up to Rs. 1734 cr through offer for sale (OFS) and fresh issue of shares. The OFS includes sale of 1.6 cr shares with face value of Rs 10. The fresh issue will be to raise ~Rs.400 cr by issuing ~48.7 lakh shares. The price band is Rs.818 – Rs.821 per equity share. The offer opens from Sep 25- Sep 28.

Steel Authority of India has announced that it has nearly completed its modernisation and expansion of Rs 72,000 crore. The modernisation and expansion programme was undertaken by the company to increase its capacity to 21 million tonnes per annum (MTPA).

Strides Pharma’s stock jumped 3.5 per cent during Friday’s opening trade as the decision to merge Arrow and Apotex did not face opposition by the Australian Competition and Consumer Commission (ACCC).

Gravita India Limited, a leading recycling company, has said that the company has expanded the capacity of its existing plant located at Chittoor, Andhra Pradesh, by installing new washing line and PPCP granules extrusion lines having annual capacity of 4,800 MTPA.

Dilip Buildcon has emerged as the L-1 bidder for the Indore metro project. Post the news, the company's stock rose by over 2 per cent intra-day on Friday. 

At 12.30 pm, the HFC's saw decline of more than 20% across the board. The pack was led by DHFL which corrected by more than 50% followed by YES bank which fell  by more than 25%. 

Following stocks are close to their 52-week low as at 12.18 p.m. on September 21, 2018.

The markets on September 21, 2018 opened up. BSE Sensex is trading at 37,364.64, up by 243.42 points and the Nifty is trading at 11,293.45, up by 59.10 points. 

Overall volumes in futures & options currently stand at 2.03 crore contracts with a turnover of Rs. 20,50,327.67 crore.