With the markets going into correction and consolidation mode, the year 2018 has been disappointing for the mid-cap and small-cap fund investors. These funds have corrected more than the large-cap funds and investors in these funds are clueless about their next course of action.

Rites Limited, a Government company, is coming with an IPO which will open for subscription from June 20 to June 22, 2018. The issue consists of Offer for Sale (OFS) of 2,52,00,000 equity shares worth Rs 466.20 crores. The issue price band is between Rs 180-185 per equity share.

In the recent past, the mutual fund houses aligned their products to invest in the pharma sector. The sector which has seen a huge decline in the last couple of years is now a darling for the mutual fund houses. Recently, Mirae Assets and ICICI Pru announced new thematic schemes keenly focused on maximizing profits from the pharma sector stocks.

The company signed an agreement with Indorama Group to exit their joint venture company, Egyptian Indian Polyester Company (EIPET).

Following stocks are close to their 52-week low as at 12.43 p.m. on June 15, 2018.

Dr. Reddy's Laboratories has received final approval from the US drug regulator for launching Buprenorphine and Naloxone Sublingual Film in the US market. The product is being launched through an approved Risk Evaluation and Mitigation Strategy (REMS) Program.

The share price of pharma major Alembic Pharmaceuticals continued to surge in Friday’s trading session. The share price grew by 7 per cent on Friday as the company bagged EIR for its formulation facility at Panelav, Gujarat from the US Food and Drugs Association. 

The markets on June 15, 2018 opened gap down. BSE Sensex is trading at 35,555.79, down by 44.03 points and the Nifty is trading at 10,800.80, down by 7.25 points. 

The stock of Virinchi surged as the company announced the start of expansion work at Banjara Hills healthcare facilities in Hyderabad.

Overall volumes in futures & options currently stand at 1.41 crore contracts with a turnover of Rs. 14,18,956.96 crore.