Rebalance by booking profits in mid and smallcaps, allocate to fixed income
These companies will break a jinx of sorts seen during the December preceding a General Election year
So far this calendar, domestic funds subscribe for shares worth Rs 5,577 cr in anchor category, while FPIs Rs 5,417 cr
Benchmark indices shed early gains as investors await Fed decision
A slide in shares of Indraprastha Gas and Petronet LNG could increase the risk of their expulsion from the MSCI index
Nine index components have dragged the index lower by over 1,600 points since September 2021 and nearly half the components have underperformed
Mazagon Dock and SJVN are seen upgraded from 'smallcaps' to 'midcaps'
Shares of TCS last closed at Rs 3,617, up 0.4 per cent
Industry players say smooth PE exits seen this year is a strong endorsement of the liquidity and depth of India's $4 trillion equity markets
Experts suggest that this is a sign that higher interest rates have dampened worker demand and raised bets that the Fed's monetary policy tightening cycle is over
The ADTV for NSE in the futures and options segment fell 2 per cent MoM to Rs 311.7 trillion, while that for the BSE rose 7.2 per cent to Rs 35.2 trillion
Nifty50 also takes wing to reach fresh high
For the September quarter, the sector's operating and net profits dropped 18 per cent and 25 per cent over the year-ago quarter
Results give message of political continuity and 'augur well' for macroeconomics, say brokerages
Analysts credit outsized gains in key index components for turning the tide
Benchmark indices log the best week in 5 months
However, newly listed shares come off highs as caution sets in
Active equity schemes have raked in a net Rs 1.3 trillion in the first 10 months this year
Bharti Telecom's stake in Bharti Airtel now stands at 39.59 per cent
The global ER&D player registers best listing-day performance for an IPO of over Rs 500 crore