Companies in the lower mcap deciles have recorded the fastest growth in median mcap.
Audi launched their debut Formula One livery, outlining a five-year plan to challenge for championships by 2030 as the former Sauber outfit begins a new era.
The Securities and Exchange Board of India (Sebi) is reviewing the current stock categorisation framework followed by actively managed equity mutual funds (MFs) to ensure they are true-to-label. Individuals familiar with the matter said the universe of largecap and midcap stocks could be expanded by 25-50 stocks. The move follows concerns raised by industry players that the current threshold has been skewed following a sharp run-up in the domestic markets after the Covid-19 pandemic.
The rally in the equity markets in the second half of 2023 has led to a sharp surge in the cutoff for stocks to qualify as largecaps and midcaps. On the latest list put out by the Association of Mutual Funds in India (Amfi), the smallest largecap stock now has a market capitalisation (m-cap) of Rs 67,000 crore, 35 per cent higher than in July 2023. In the case of midcaps, the cutoff has surged 26 per cent to Rs 22,000 crore.
While selecting a smallcap scheme, go with one that has a good track record and a stable fund manager.
However, the Lok Sabha and the Rajya Sabha will use their respective chambers and galleries for the members to seat, as was the case earlier, they pointed out.
India captain Virat Kohli became the fastest cricketer to score 12,000 ODI runs, breaking the record held by legendary Sachin Tendulkar.
Great players have the knack of conquering the odds, and on Sunday Kohli crossed a major hurdle with the fighting spirit of a champion.
With India's market capitalisation surpassing the $3-trillion mark, stocks across the board are adding heft. The upper limit for qualifying as a mid-cap stock -under the Securities and Exchange Board of India's (Sebi's) definition for mutual fund reclassification - has hit an all-time high of $5.4 billion. In 2013, amid the taper tantrum sell-off, it had dropped to just $1 billion, shows an analysis done by ICICI Securities.
Rajya Sabha Chairman Venkaiah Naidu on Friday met with some opposition leaders and ministers and urged both sides to further discuss their views on the suspension of 12 members of the House in the wake of the Opposition's demand for its revocation.
Wayne Rooney scored on his return to the Manchester United starting-line up as Jose Mourinho's side enjoyed a 2-0 win at Burnley in the Premier League on Sunday to close in on the top four and extend their unbeaten league run to 23 games.
And if there are so many opportunities, why haven't they invested in them, asks Debashis Basu.
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