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Fidelity launches special situation fund

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Assets of tax-saving MFs show lower erosion than equity funds

But, firm asset base of ELSS due to markets gains, not money inflows

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Market News

Nifty records best gain in five years on Budget day

Axis Bank, IndusInd Bank, Yes Bank, Kotak Mahindra Bank and ICICI Bank rallied between 4-9%

Nifty ends above 8,900 on growth oriented Budget; Axis Bank up 8%

The 30-share Sensex ended 141 points higher at 29,361 and the 50-share Nifty surged 57 points to close at 8,902.

Sensex gains 233 points; private banks lead

Provisionally, the 30-share Sensex surged 233 points to end at 29,454 and the 50-share Nifty gained 75 points to close at 8,920.

Market reactions to Union Budget 2015

Here is how leading market experts interpret the Union Budget 2015 proposals

Bank Nifty zooms over 500 points; Axis Bank surges 8%

IndusInd Bank, Yes Bank and Kotak Mahindra Bank rallied between 4-6% on NSE.

 

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