YES Bank received the final regulatory approval from the Securities & Exchange Board of India (SEBI) to commence its Mutual Fund business, the bank announced on Wednesday.

Indian pharmaceutical company Unichem has received final ANDA approval from USFDA for asthma drug, Montelukast Chewable Tablets, 4 mg and 5 mg.

The share price of Prakash Industries added 3.3 per cent intraday on Wednesday after the company reported its highest ever quarterly sales volume in the June quarter of FY19. 

There is buzz in the market that GVK Group might sell controlling stake in TAJGVK to Fairfax Holding. The company TAJGVK Hotels & Resorts Limited is a joint venture between the Tata Group's Indian Hotels Company Limited (IHCL) and the GVK Group.

Bagging high returns with minimum risk exposure is what most investors carve for. To address this investor demand, there are several products in the mutual fund market and arbitrage fund is one of the better-known investment options, with the lowest risk exposure.

ISGEC Heavy Engineering Limited gained 6 per cent after the company was declared as the lowest bidder (L-1) for a thermal power project.

The stock prices of Dena Bank went up by 5 per cent on Wednesday as the bank plans to sell 60.5 lakh shares in three entities, NSDL E-Governance Infrastructure Ltd, National Securities Depository Ltd and SIDBI.

Kwality Limited hits a lower circuit on Wednesday after the company deferred its share buyback proposal. The stock fell 5 per cent to hit a 52-week low of Rs. 20.65 on BSE.  

Following stocks are close to their 52-week low as at 12.42 p.m. on July 4, 2018.

The markets on July 4, 2018 opened up. BSE Sensex is trading at 35,453.46, up by 74.86 points and the Nifty is trading at 10,720.80, up by 20.90 points.