TMFs invest in a public index, so investors know beforehand which instruments the fund will invest in.
Indeed, this is one policy area where the Modi-led government is different from the one that was headed by Atal Bihari Vajpayee.
Pharma was the top losing index amid worries about their earnings outlook with Lupin down over 4%
Domestic market is losing its trend to rate sensitive stocks post the announcement of the new RBI governor who is likely to maintain a cautious stance on interest rate cut
Bharti Airtel , RCom and Tata Communications ended down between 0.1-1%.
Top gainers among the S&P BSE Sensex include GAIL, Dr Reddy's Laboratories and Bharti Airtel, all edging up by 1% in late morning deals
Automobile dealers' body FADA said the Budget lacked immediate demand boosters for the automobile industry.
The market sentiment was also impacted by mixed global cues as setbacks for a healthcare overhaul in the US raised doubts over prospects for a range of reforms backed by President Donald Trump.
The BSE Midcap and the S&P BSE Smallcap indices outperformed to gain 0.6% and 1.1%, respectively
But the 30-share Sensex rose by 141.52 points, or 0.41 per cent, to close at 34,297.47. The broader NSE Nifty gained 44.60- points, or 0.42 per cent, to end at 10,545.50 after touching a high of 10,618.10.
'Had there been no war, maybe, we would come out with a 7.5 per cent stake sale.' 'At this point in time, a 3.5 per cent stake sale looked good.'
Tata Sons stake in the group's listed companies is now worth Rs 9.28 trillion, up 34.4 per cent on a year-on-year (YoY) basis. In comparison, the Government of India's stake in listed central public sector undertakings (PSUs) is currently valued at Rs 9.24 trillion
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Banks have taken this aggressive posture even as liquidity has become comfortable on the back of increased government spending.
The consolidated entity can target good growth FY18 onwards, analysts say.
A fall presents an opportunity to buy rate-sensitive stocks.
Considering the scarcity of land for development projects in Kerala, there should be optimal use of the land being held by the public sector companies, experts said.
P Chidambaram says all options are on the table.
Infrastructure, power, capital goods, PSU, healthcare, banking, oil and gas and metal stocks nosedived
Also says PSU banks divestment to be considered after improvement in governance
The breadth, indicating the overall health of the market, turned negative from positive
Unions, which are protesting against FDI in the banking sector, are pressing for various demands.
While PNB did not name the other lenders, Union Bank of India, Allahabad Bank and Axis Bank are said to have offered credit based on letters of undertaking (LOUs) issued by PNB. Foreign bank branches too are under investigation.
'Today, bankers don't want to take risks as the good decisions taken by them were not protected.' 'There is risk involved in all decisions, like businessmen taking risks in their businesses.' 'A banker must have taken a decision when the economic condition was different, and you cannot question him on the basis of the present situation in hindsight.' 'Naturally, this has affected the morale of bankers.'
It can if your debit card belongs to a PSU bank
In what could be seen as a testimony of the quality of its work, a staggering 94 per cent of the orders received by state-run power equipment manufacturer BHEL last year came from the private sector.
A total of 180 NSE-listed companies have not appointed a woman director.
The 30-share Sensex ended up 33 points at 27,241.78 and the 50-share Nifty ended up 27 points at 8,200.70.
IT majors along with metal names Sesa Goa and Hindalco buck trend.
The short answer, as usual, is I don't know. But this is what could happen in the next one year...
With inflation down, the government's twin deficits are largely under control.
The Sensex closed higher by 170 points at 26,128 and the Nifty rose 59 points to end at 7,943.
The 30 share Sensex ended up 183 points at 27,470 and the 50-share Nifty gained 44 points to close at 8,295.
The S&P BSE Sensex has dipped five per cent, thus far, in CY15.
Following the October 24 Supreme Court order, the department of telecom estimated that the total liability of 15 telecom companies, including penalties and interest, would be Rs 1.47 lakh crore.
Market ended lower for the third straight session led by IT stocks amid downgrade by Citigroup.
The windfall from RBI may be used to trim borrowing, help fund Rs 3.3 lakh crore capex plan, capitalise banks and provide fiscal stimulus to some stressed sectors, experts and economists said.
The stocks could tank more than what it did after the United Progressive Alliance-1 came to power in 2004, as the market has not yet priced in a Bharatiya Janata Party defeat, says Raj Bhatt.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
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