Diversified tobacco major, ITC plans to acquire Kolkata-based floor cleaner maker Arpita Agro, which sells its products under Nimyle brand. 

Going ahead, Thursday’s session gap area (10,722.60-10,698.35) would act as a crucial support area for the Nifty. Stocks in news: Time Technoplast, Indian Bank, Tata Motors, Omax Auto and Electrosteel Casting.

The key Indian indices are likely to nose-dive at the opening bell as cues from Asian peers are negative. Nifty 50 index futures on the Singapore stock exchange is currently trading in the red, down by 73 points at 10,699.  

In a significant development, PremjiInvest, the investment firm of Azim Premji, bought 6 per cent stake in Future Retail from Bharti Group for a total sum of Rs. 600 crore.

Market regulator SEBI has ordered mutual fund houses to disclose the total expense ratio (TER) of each scheme under both direct and regular plans on a daily basis.

Demand for the newly launched models including Land Rover Discovery, Jaguar E-PACE and Range Rover Velar supported the uptick in the sales figures.

To investors’ relief, prawn and fish feeds manufacturer Avanti Feeds shot up by over 18 per cent on the bourses in Thursday’s intraday trade. The stock had dipped by over 40 per cent on the bourses since April 2018.

In the recent monetary policy review meet, RBI hiked repo rates by 25 basis points and adjusted the reverse repo rate under the LAF to 6 per cent. The marginal standing facility (MSF) rate and the Bank Rate is now 6.50 per cent.

Following stocks are close to their 52-week low as at 12.56 p.m. on June 7, 2018.

The markets on June 7, 2018 opened gap up. BSE Sensex is trading at 35,552.41, up by 373.53 points and the Nifty is trading at 10,795.60, up by 110.95 points.