The record-breaking rally in Nifty may extend to 19,800 levels, said technical analysts. The index closed at an all-time high of 19,564.50 on Friday as foreign portfolio investors stayed bullish on the market. Stocks such as ICICI Bank, National Aluminium, Tech Mahindra, Hindalco, Bajaj Finance, Tata Steel, Infosys, Glenmark, Zee, and Hero Motocorp have formed … Read more
Franklin Templeton Asset Management sold 0.1% of its holding in LIC last month, while Union Mutual Fund exited the company by selling all its holdings. One other D-Street favourite that was dumped by MFs was Radhakishan Damani’s Avenue Supermarts. Indiabulls Mutual Fund, Union Mutual Fund, and Groww Mutual Fund were sellers in the D-Mart retail … Read more
In its upcoming semi-annual list of stocks, Association of Mutual Funds in India (AMFI) is highly likely to downgrade and One 97 Communication ( Paytm) from largecap to midcap category, according to a report by . The AMFI rejig will majorly be classified by size, taking into account data from July to December 2022. This … Read more
New Delhi: Ace investor Rakesh Jhunjhunwala likely exited the state-run aluminium miner () during the June 2022 quarter. According to the company’s latest filing, Jhunjhunwala’s name was missing from the key shareholders’ list as of June 30, 2022. Listed companies are obliged to release the name of shareholders holding one per cent or more stake … Read more