In the large-cap segment, funds attracted net inflows of ₹2,067.48 crore in June, up from ₹1,592.93 crore in May. Funds were net buyers of 56 per cent of the Nifty 50 stocks. Mutual fund stock picks: As investors poured more money into mutual funds, wealth managers stepped up purchases of stocks, particularly in private…
The recovery seen in the Indian stock markets on Thursday, analysts said, was more on account of value buying at lower levels, but advise investors stay cautious. Markets recovered partially from the near 1,700-point fall (Sensex) on Wednesday with the 30-share index rising around 700-points intraday on Thursday. The volatility in the last two…
Adani is in talks with the L&T group for the construction of a nuclear power plant as it finalises possible sites for the atomic projects. The Adani Group is partnering with the L&T Group for its nuclear power projects as it zeroes in on multiple sites for setting up atomic power plants. L&T…
Sebi proposes wider auction bands and stricter norms for IPOs and re-listed stocks to improve price discovery and curb distorted trading Market regulator Securities and Exchange Board of India (Sebi) has proposed changes to the price-discovery mechanism for initial public offerings (IPOs) and re-listed stocks during the pre-open call auction session. Under the proposed…
Vodafone Idea expects to close talks with an SBI-led consortium soon after promoter equity infusion and AGR relief improved its financial position Vodafone Idea’s top management is confident of closing the ongoing talks with a consortium of banks led by the State Bank of India (SBI) following the decision by promoters to infuse equity…
The Nifty SmallCap index is the top performing broader market index in Tuesday’s trade thus far. The Nifty SmallCap 100 and SmallCap 250 have surged nearly 1 per cent today. The Nifty SmallCap index has rallied as much as 16.8 per cent from its recent low of 14,143 hit on March 23 to Tuesday’s…