Weekly Market Update: NIFTY and Sensex rallied during the week

Date: 1/12/2018 Short Market Update: Higher rupee, falling crude helped markets rally during the week and closed with weekly gains over 3%, GDP growth at 7.1% and Sebi to lower capital market trading cost. On Friday, markets closed almost flat, with BSE Sensex up 23.89 points or 0.07% and closed at Rs 36,194.30, and NSE …

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Side Pocketing of Toxic Assets in Mutual Funds

SEBI is considering a proposal of side pocketing toxic assets in the mutual fund portfolio. A side pocket allows fund managers to move a toxic asset from good assets. It allows the fund to set aside assets and split the NAV into two parts. The fund will now issue separate units in pro rata basis. …

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Daily Market Update: NIFTY and Sensex in red, Banking stocks crack.

Date: 22/11/2018 Short Market Update: Negative end for markets, trading holiday on November 23rd and Shreyash Devalkar exits Axis Equity Hybrid Fund as a Fund Manager. Markets ended on a negative note. Metal and Telecom stocks witness selling. BSE Sensex down 218.78 points or 0.62% and closed at Rs 34,981.02, and NSE Nifty ended lower …

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Daily Market Update: NIFTY and Sensex trade higher, Telecom stocks luster.

Date: 16/11/2018 Short Market Update: Markets continue with positive momentum, telecom stocks shine, the trade deficit widens in October. Benchmark indices continued their positive momentum today. Health care and FMCG witnessed buying, while Metal stocks witnessed selling pressure. BSE Sensex up 196.62 points or 0.56% and closed at Rs 35,457.16, and NSE Nifty ended higher …

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