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FPI Withdraws Rs 2,867 Crore from India So Far

New Delhi: Foreign Portfolio Investors (FPI) back out from Indian Market with Rs 2,867 crore in the ongoing month of July so far, prompted after profit booking from Indian equities surge.

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Business News Mutual Funds

Equity Mutual Funds See a Fall in Net Inflows by 95 Per Cent in June

Net inflows in equity mutual funds see a 95% fall in June compared to previous months because of the recent rebound in the market which forced investors to pull back all of their money and stay on the sidelines. The Equity mutual fund schemes scored lowest monthly flows in four years of Rs 240 crore in the month of June comparing against Rs 5,246 of May.

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Business News Domestic Markets News Stocks

Nifty Shapes Spinning Top on Weekly Charts as Traders Afraid of Heights

New Delhi: On Friday, Nifty 50 stayed in line with the seen trend since the last four trading sessions, featuring traders’ indecisiveness throughout the week. The index closed at 10,768 points down by 0.42 per cent or 45.40 points.

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Business News Domestic Markets News Stocks

Nifty Next Hurdle in between 10,847 – 10,884 Levels

New Delhi: Nifty continued its uptrend pattern on Thursday. In its process, Nifty50 reclaimed it 10,800 zones by forming an inside bar on the daily chart. The next resistance to be break is in 10,847-10,884 points. While the immediate support is in the range of 10,690-10,700.

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Business News Domestic Markets News Stocks

Investors are Advised to Stay Stock Specific as Nifty Forms Temporary Top

The merging area of two major indicators finally proved a firm resistance ahead for Nifty, which recorded some major correcting from higher levels. Nifty gave quite a start to the session, trading in a defined range without any directional bias for the day until its last hour when Nifty gave up and started unwinding of positions. It brought the index down from its high point of the day by 150 points and the Bank Nifty by 550 points. At last, Nifty closed with 0.87 per cent or 93.90 points loss.