Just last month, the ICICI Prudential Flexi Cap fund had raised a record Rs.9,800 crore. This month, SBI MF has raised Rs.13,000 crore through the NFO of SBI Balanced Advantage Fund. What explains this sudden surge in interest in Indian mutual fund NFOs and what did the investors find so appealing here. All about bancassurance
Previous Day Market Update Sensex closed at 55437.29 up by 593.31 points Nifty closed at 16529.10 up by 164.70 points For the week ended 13 August, 8 out of the 10 most valuable companies on the Nifty added market value to the tune of Rs.160,400 crore. TCS and RIL contributed the bulk of this rise.
Sensex And Nifty50 clock All-Time Highs ! Sensex reached 53823.36 up by 872.73 points Nifty reached 16130.80 up by 245.60 points On Tuesday the Sensex ended 872 points higher so there was hardly any surprise that the BSE scaled the market cap level of Rs.240 lakh crore or $3.25 trillion approximately. While the Sensex got close to 54,000, the Nifty scaled the 16,000 ,mark
How do you distinguish whether you are at the peak of a bull rally or at cusp of the next bull rally? The answer is simple. Don’t look at what the markets are doing. Rather look at what companies are doing. We often tend to get obsessed with the level of the Sensex and Nifty.
Previous Day Market Sensex Closed At 52,553 down by 586 points Nifty Closed At 15,752 down by 171 points It was a sort of Black Monday on 19 July with the Sensex closing 587 points lower on concerns over rising COVID 3.0 cases as well as a spike in global inflation. Even the Nifty fell
In the midst of all the debate over stock market levels and valuations, the BSE market cap crossed $3 trillion. Yes we are considering the BSE market as there are over 4500 stocks listed on the BSE and hence it is a lot more representative of the spread of the Indian capital markets. Of course,
It has been an incredibly smooth journey for the Sensex from the lows of Mar-2020 to scaling above 50,000 and eventually scaling above the 52,000 mark. That raises a fundamental question. Is there too much strength, or too much hope or just too much froth in the markets. If you talk to market experts, there
Previous Day Market Nifty Closed At 15727 Down By 151 Points Sensex Closed At 52568 Down By 485 Points Zomato fixed the IPO price band for its Rs.9,375 crore IPO in the range of Rs.72 to Rs.76 per share. The issue will open on 14 July and close for subscription on 16 July. Zomato is
Previous Day Market Sensex closed at 52,474 up by 174 points Nifty closed at 15,799 up by 61 points It was a mixed week for the highly liquid stocks on the Nifty. In fact, 5 out of the 10 most valuable stocks by market cap added Rs.101,389 crore in the market. It was the IT
Previous Day Market Sensex closed at 52,300.47 up by 358.83 points Nifty closed at 15,737.75 up by 102.40 points As committed in the Jun-21 monetary policy, RBI will conduct the third tranche of its open market purchase of G-Sec and state development loans under G-SAP on 17-Jun. G-SAP is short for Government Securities Acquisition Program.