Equity mutual funds record inflow of over Rs 41000 crore in Oct
The move also marks the 44th consecutive month of net inflow in the equity-oriented funds, highlighting the ever-increasing appeal of mutual funds among investors.
The move also marks the 44th consecutive month of net inflow in the equity-oriented funds, highlighting the ever-increasing appeal of mutual funds among investors.
India equity indices were trading flat following weak global cues from the US and Asian Markets.
Foreign Portfolio Investors (FPIs) have sold equity worth Rs 32,684 crore (till August 17) through the stock exchange while investing Rs 11,483 crore through the primary market and others category, industry data said on Saturday.
Telecom service provider Vodafone Idea, on Thursday, said that its board has approved issuance of about 166.8 crore equity shares worth Rs 2,458 crore on a preferential basis.
India Inc saw resilient private equity (PE) investments amid elections as the month of May witnessed 145 deals worth $6.7 billion, a report showed on Thursday.
The Sensex was down 667 points or 0.89 per cent at 74,502, while the Nifty closed at 22,704, down 183 points or 0.80 per cent.
Indian equity benchmarks opened in red on Wednesday following negative global cues from Asian peers.
Last week, Nifty Bank surged 2 per cent following the announcement by the Reserve Bank of India (RBI) of giving a dividend of Rs 2.11 lakh crore to the government.
This owes it to uncertainties about the outcome of the general elections and attractive valuations of Chinese markets.
The equity markets were quick to erase early losses as they staged a pre-interim Budget rally on Wednesday.
