Zensar, an RPG company, is on the move to acquire the US-based Cynosure Inc. for US$33 million. Cynosure focuses on providing Guidewire platform implementation services to property and casualty (P&C) insurance carriers.

Market was buzzing with a possible tie-up between domestic budget carrier Indigo and Qatar Airways to buy debt-laden Indian national airlines Air-India.

After a huge run up in the last couple of years, the Indian markets are now in correction mode post the Union Budget 2018-19. This correction has led many stocks to give negative return year till date and have eaten into the returns of the investors.

Overall volumes in futures & options currently stand at 94.81 lakh contracts with a turnover of Rs. 8,14,332.32 crore.

Overall volumes in futures & options currently stand at 94.81 lakh contracts with a turnover of Rs. 8,14,332.32 crore.

Going ahead, the low of Wednesday’s session, i.e. 10,133, would be a crucial level to watch out as a decisive breach below this level would trigger some selling to re-test the 10,040-10,000 levels. Stocks in the news: Sun Pharmaceutical, Arvind, Dilip Buildcon, Zensar Technologies, Oil India, IRB Infrastructure and Majesco.

Indian benchmark indices are likely to open mildly in the positive terrain. The SGX Nifty is pointing to a rise of 26 points for the Nifty at the start of session.  

The management of debt funds is in many ways different from equity funds and ‘duration’ plays an important role in determining the returns of these funds.

The upcoming IPO of Lemon Tree Hotels consists purely of Offer for Sale (OFS). Through this OFS, the company is offering 18,54,79,400 equity shares with face value of Rs 10 per share. The IPO size is worth Rs 1038.7 crore. The price band is in the range of Rs 54-56 per share. The minimum lot size consists of 265 shares. The issue will remain open for subscription from March 26-28, 2018.

Air-conditioning and commercial refrigeration company Blue Star launched 100 new air conditioners on Tuesday, following which the share price of the company surged by 2.4 per cent on the bourses on Wednesday.