Nifty50 also takes wing to reach fresh high
The assets under management of active smallcap schemes experienced a slight decline, even as smallcap indices registered double-digit gains in November
"Nifty is not in a bubble zone as it is trading at a 17.2 per cent discount to the 10-year average which provides comfort," said Amnish Aggarwal, head of research at Prabhudas Lilladher
This implies an upside of 12% from current levels
Equity markets are rising after a soft inflation reading in the US and UK this week
Snap two-week losing streak on softening US yields, Fed view
Benchmark Nifty closed below the 19,000-mark once again as overseas funds continued to keep their foot on the selling pedal
The Nifty fell 2.8 per cent in October, and the Sensex by 3 per cent, their biggest fall since December 2022
The Nifty advanced 93.65 points or 0.49 per cent to 19,140.90
Bears have tightened their grip on the market, with the National Stock Exchange Nifty50 declining nearly 5 per cent in just six trading sessions before seeing a slight recovery on Friday
Experts cite record-high US bond yields, geopolitical uncertainties, and earnings disappointments as key concerns
August-October best period for DRHP filings in 2 years
The NSE Nifty declined by 1.1% after posting marginal gains in the preceding two weeks amid geopolitical tensions in West Asia and rising yields
Rising oil prices are considered a negative for Indian equities as India imports more than three-fourths of its oil requirements
Besides, disappointing quarterly earnings numbers and revenue forecast from IT services company Wipro also weighed on investor sentiments, traders said
Oil prices climbed 1.2 per cent to nearly $94 per barrel after an explosion at a Gaza hospital jeopardised peace efforts in the Middle East
Closing Bell on Friday, October 13, 2023: Among sectors, the Nifty PSU Bank index fell 1.4 per cent, while the Nifty Auto index gained 0.88 per cent
It opened at Rs 162 compared to the previous day's close of Rs 224
Despite experiencing sharp intraday fluctuations in recent sessions, the VIX index has consistently settled below 12
The recently concluded Rs 10,000 crore buyback of engineering and construction behemoth Larsen & Toubro (L&T) proved to be a missed opportunity for retail investors