Mumbai: Domestic mutual funds reduced their exposure to many public sector stocks in the March quarter following a sharp rally in the pack over the past year. Of the 25 public sector undertakings (PSUs) that published their shareholding for the March quarter, 11 saw a decline in mutual fund holdings, while only three stocks saw …
With the momentum in the market remaining bullish, Nifty Bank is now approaching its all-time high and can even zoom past the 47,000-level, says Rupak De of LKP Securities. “The strong presence of Put writers at 46,000 has helped the index to stay in positive territory. The trend is anticipated to stay bullish as long …
Mumbai: Investor appetite for shares of firms supplying equipment to the Railways has picked up in the past two weeks after Prime Minister Narendra Modi announced plans for the redevelopment of 508 railway stations across the country. On Monday, shares of these companies soared as much as 15%. While shares of Railtel Corp of India …