State Bank of India led MF buys in July with Rs 10,000 crore QIP bet

Mutual funds (MFs) — flush with cash amid record inflows in July — invested heavily in the Rs 25,000-crore qualified institutional placement (QIP) of India's largest lender State Bank of India......

Active banking funds fail to capitalise on PSU rally: Value Research data

Sectoral funds, focused exclusively on public sector banks (PSBs), have delivered the strongest returns among domestic mutual fund (MF) categories over the past six months. Illustration: Dominic......

Sensex drops 466 points on selling in pvt banking shares

Benchmark Sensex declined by nearly 466 points on Friday in its second straight day of losses following selling in private banks and a weak trend in global markets. Photograph: Shailesh......

Sensex scales fresh high on buying in RIL, ICICI Bank and HDFC Bank

Benchmark equity indices Sensex and Nifty soared to new lifetime highs on Thursday, fuelled by robust buying in market heavyweights Reliance, ICICI Bank and HDFC Bank amid a recent surge in foreign......