IDFC Bank was buzzing on Wednesday after the bank announced the receipt of No Objection letter from the Reserve Bank of India with regards to its proposed merger with Capital First.

Following stocks are close to their 52-week low as at 12.49 p.m. on June 6, 2018.

The markets on June 6, 2018 opened gap up. BSE Sensex is trading at 35,108.42, up by 205.21 points and the Nifty is trading at 10,660.00, up by 66.85 points. 

Overall volumes in futures & options currently stand at 67.16 lakh contracts with a turnover of Rs. 6,15,927.64 crore.

CG Power and Industrial Solutions Limited received a mega order from the Indian Railways to supply electrical equipment.

Overall volumes in futures & options currently stand at 67.16 lakh contracts with a turnover of Rs. 6,15,927.64 crore.

In the coming session, the level of 10,550 would be a key support level. Stocks in news: Capital First, CG Power and Industrial Solutions, NMDC, Mcleod Russel, ADF Foods, Grasim Industries and United Spirits.

The markets are likely to start on a cautious note amid muted global cues. Traders will remain watchful ahead of outcome of Reserve Bank of India’s (RBI) policy review meeting. Economists are equally divided on the outcome of the meeting. While half of the economists are betting on a 25 bps rate hike, the other half believes that the RBI may signal a hawkish note and wait till August to hike rates after monsoon data is clearer. The trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty may open with modest losses of 13 points around levels of 10,594. 

The stock of Intellect Design Arena was buzzing on the bourses as the company proved its mettle by winning an award for its innovative big data solutions.

BharatNet is a government project aimed at providing high-speed broadband connectivity to all the 2,50,000 gram panchayats in the country in an effort to provide last mile connectivity.