Stock Market News 19.09.2018

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Market Live: Sensex, Nifty continue to trade flat; Nifty PSU bank index down 2%

Stocks in this space are reacting to the merger proposal by the government for three banks that was announced on Monday evening.


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OFS TECHNOLOGIES HITS 20% UPPER CIRCUIT
Shares of OFS Technologies have hit an upper circuit on Tuesday morning as investors are betting on the company approving a bonus issue.
The Board approved issue of bonus shares i.e. six shares for every 10 shares held.
Buzzing: Shares of OFS Technologies gained 20 percent on Tuesday after company approved the bonus share issue.
The board of the company in its meeting held on September 17 approved issue of bonus shares of 6 for every 10 held by the existing shareholders of the company.
The board also approved the proposal for entering into acquisition of new software business in the field of Agri and Aqua based Company and tie-up with agri and aqua based Company for its further development.

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