Banks led the decline with Nifty Bank and BSE Bank index dropping over 3% each.
Inflow of more funds is likely to widen the reach of insurance and drive M&A activities in the sector where growth has stalled.
IT exporters were the top gainers amid a weak rupee along with select index heavyweights.
Bupa and Axa have already declared their intention to raise stakes.
Increasing awareness about mutual funds, ease of transactions through digitisation and sharp surge in equity markets have aided asset management companies to add a staggering 3.17 crore investor accounts in 2021-22, with experts saying the trend is likely to continue this fiscal as well. This was a significant rise from 2020-21 when 81 lakh accounts (or folios in mutual fund parlance) were opened, data with the Association of Mutual Funds in India (Amfi) showed. The ongoing financial year too appears to be promising in terms of folios as increase in investor accounts will enable people to move beyond fixed deposits and savings accounts, said Priti Rathi Gupta, founder of LXME, a financial platform for women.
Despite a 56 per cent fall in residential launches in the first half of the year compared to the second half of 2019, Anarock Property Consultants believes that consolidation in residential real estate is expected to gain ground, and that branded players may garner a market share of 75-80 per cent.
The Sensex ended lower on unfavourable cues.
Jaitley's Budget has the potential to change the face of Modi's Bharat
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The Tata Group says it is bullish on investment in India.
'Making the railways better is a different type of a challenge.'
It was a case of 'buy on hopes and sell on news' as the Indian market posted only modest gains despite a landslide victory to Narendra Modi-led Bharatiya Janata Party (BJP).
BS Annual Awards 2014: Power-packed jury picks the best 7 of corporate India
'The Budget has maintained fiscal prudence while announcing a number of steps to boost growth, particularly in infrastructure and rural sectors.'
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Top firms will have enough firepower to go for foreign M&As, given their balance sheet growth, say bankers.
Happy at the clear mandate given by voters to the BJP-led NDA, India Inc on Friday exuded confidence that Narendra Modi will initiate bold and decisive policy reforms to promote economic growth.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
SBI plunged over 3% after posting a 34.57% fall in net profit to Rs 2,538 crore for the quarter ended September 2016 on rise in provisions for non-performing loans.
Experts believe volatility is here to stay for some time, at least till China stabilises and clarity regarding the US Fed's interest rate move emerges.
Stockmarket Gurus Raamdeo Agrawal, Manish Gunwani, S Naren and Nilesh Shah discuss their favourite themes for the New Year.
Cashi Crisis: Day 9: Aaj ki Taaza Khabar!
