DSIJ Mindshare

Country’s third largest private sector bank, Axis Bank surged 5 per cent plus from its previous close, after Board trimmed CEO Shikha Sharma's tenure to 7 months from three years of reappointment. Axis Bank is off its upward sloping trendline support level and is heading northwards.

Indian mutual fund industry is quite expansive with a huge basket of schemes for investment. Previously, the fund houses used to have multiple schemes under the same category with different attractive names. 

IndoStar Capital received the market regulator's approval to float Rs 2,000 crore Initial Public Offering (IPO).

The rising bond yields as well as trade war fears have made markets much more volatile than they were in the past couple of years. 

Hindalco was the top gainer in the early hours of the trade on Tuesday supported by a sharp jump in Aluminium prices. The prices have surged from US$2,004 per tonne in the first week of April to US$2,151 per tonne currently on London Metal Exchange.