FTMF stunned all by deciding to shutter operations of six schemes with assets under management of more than Rs 25,000 crore
MF distributors fear investors could start to withdraw their investments in large quantum from debt schemes, following Franklin Templeton's move
Secorally, barring Nifty Pharma, all the other indices on the NSE ended in the red
All that happened in the markets today.
Historically, the June quarter is the largest contributor to Bajaj Finance's AUM growth
Before the new coronavirus pandemic began to throttle much of China's economy in February, PwC said the deregulation would be a "game-changer" for foreigners' role in the country's bad debt market
Strides Pharma Science, Alkem Laboratories, Ajanta Pharma, Lupin, Ipca Laboratories, Jubilant Life Sciences and FDC were up in the range of 5 per cent to 10 per cent on the BSE
The decision has been prompted by lack of liquidity in the high-yield market, as well as heavy redemption pressures that are affecting all debt funds
At 10:16 am, the S&P BSE Finance and S&P BSE Bankex were down 2.9 per cent and 2.6 per cent, respectively as compared to a 1.5 per cent decline in the S&P BSE Sensex.
The stock failed to hold the gains and declined over 9.6 per cent from intra-day high
In HDFC Bank, HDFC, ICICI Bank, SBI, Axis Bank and Bandhan Bank, FPIs reduced their holdings in the range of 100 bps to 300 bps.
The stock is close to its all-time high level of Rs 792, hit in July 2015
The auto components maker had posted a consolidated profit after tax of Rs 153.72 crore in the corresponding quarter of previous fiscal.
Wood has rejigged his exposure to Indian stocks in his Asia ex-Japan long-only portfolio with HDFC Bank and ICICI Bank paving the way for Cipla. Besides, he remains bullish Reliance Industries.
Here's a look at the top stocks that may remain in the focus today
A major event investors will track today will be the meeting between Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman to finalise a second stimulus package
The volatility India (VIX) has fallen below 40 levels, which is giving comforts to the bulls
Costs unlikely to fall; does not bode well for earnings
As many as 1,005 rural and 1,280 urban investors were surveyed
Cases filed in high courts of plaintiffs' jurisdiction, exchange files caveat pledging opportunity for hearing