LIC MF Technology Fund aims to allocate capital across a wide spectrum of technology-driven sectors, including semiconductor–linked companies, data centre operators, digital commerce platforms, internet businesses, and emerging technology enterprises. LIC Mutual Fund NFO: LIC Mutual Fund has announced the launch of a new fund offer (NFO), LIC MF Technology Fund, to tap the…
Om Mehra, tech analyst at SAMCO Securities highlights that Torrent Pharmaceuticals after a recent consolidation phase, has witnessed a strong breakout above ₹4,200 levels. Equity markets in India have witnessed a roller-coaster ride thus in February, with the Nifty 50 index swinging in a near 1,800-point range. The Nifty thus far has touched a…
The Bank Nifty continued to outperform, ending near the 61,200 mark with a gain of 0.37 percent, added Shah. The equity benchmark indices settled higher for the second straight session on Tuesday amid volatile trade and selective buying on the weekly expiry day. The Nifty opened weak tracking subdued global cues but recovered during…
The inflows follow three consecutive months of heavy selling, with FPIs pulling out ₹35,962 crore in January, ₹22,611 crore in December, and ₹3,765 crore in November, according to data from depositories. Foreign Portfolio Investors (FPIs) staged a sharp turnaround in early February, pumping ₹19,675 crore into Indian equities in the first fortnight, supported by…
The exchange, in a release, said the most recent one crore accounts were added in just two months, signalling accelerating onboarding momentum. Notably, the last five crore accounts — nearly 20 per cent of the total base — have been added in the past 16 months alone. National Stock Exchange of India (NSE)…
The first set of data based on the new consumer price index series with 2024 as the base year showed that inflation firmed up owing to a moderation in negative food inflation and an uptick in core inflation. India’s retail inflation rose for the third successive month in January, data released by the statistics ministry…
The weekly options data indicated that 26,000 is expected to be a crucial resistance zone, which was tested intraday on Wednesday, with immediate support at 25,900. Nifty outlook for February 12 The Nifty 50 maintained its uptrend for the fourth consecutive session despite consolidation and continued forming higher highs and higher lows for three…
BHEL OFS: The government will open the Offer for Sale (OFS) in Bharat Heavy Electricals Limited (BHEL) on Wednesday for non-retail investors, with retail investors allowed to place bids on Thursday. The government has launched an Offer for Sale (OFS) to divest up to a 5% stake in state-run Bharat Heavy Electricals Limited (BHEL).…
NCLT in its order said that the merger scheme is in the public interest, as it enhances operational efficiency, consolidates resources, and does not prejudice the rights of shareholders, creditors, or statutory authorities. Adani Group’s Ambuja Cements on February 9 announced that the Ahmedabad bench of the National Company Law Tribunal (NCLT) has approved…
India-US trade deal: Domestic brokerage MOSL said that with the fog of uncertainty now lifted, multiple positives will accrue, including the reversal of FII outflows. India-US trade deal: The Indian stock market welcomed the much-awaited India-US trade deal on Tuesday, February 3, as investors are viewing the much-awaited trade agreement not only as a meaningful…