Leading stock exchange BSE on Tuesday said its mutual fund distribution platform StAR MF has processed a record of 26.52 lakh transactions in a single day on Monday. It surpassed its previous best single-day record of 24.08 lakh transactions registered on September 13, the exchange said in a statement. Snehal Dixit, Business Head-Mutual Funds BSE StAR MF, said that numbers are an indication of growth at every level. It's a good sign as investors are getting educated, doing a variety of transactions like purchase, switch, redemption, on StAR MF platform. "We expect to see investments growing further with increased number of transactions, long-term investment approach and asset allocation across multiple MF schemes. Imparting more knowledge through creating awareness is one of the objectives of StAR MF platform," she added. In October, BSE StAR MF processed a record 1.6 crore transactions worth Rs 42,927 crore. The previous monthly record of 1.52 crore transactions was achieved in ..
A rebounding rupee further bolstered sentiment, traders said
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The 30-share BSE benchmark jumped 533.74 points or 0.91 per cent to 59,299.32
After surging 5%, the Sensex ends the month only 2.7% up
The broader NSE Nifty declined 37.30 points or 0.21 per cent to finish at 17,711.30
Rising for the third straight session, the Sensex ended 29.41 points or 0.05 per cent higher at its new closing peak of 60,077.88
There is strong support for Sensex at 58,000-59,000 and Nifty at 17,000-17,300
During the last week, the 30-share BSE benchmark rallied 1,032.58 points or 1.74 per cent. The BSE Sensex made history on Friday by reaching the 60,000-mark for the first time ever.
FM said the market has its own understanding of what it deals with the companies
The sentiment remained robust in the broader markets too as the BSE Midcap touched new high in intra-day session and ended 1.31 per cent higher
Experts warn investors against going overboard as they see the risk-reward ratio turning unfavourable at the current levels
RIL was the top loser in the Sensex pack, shedding over 2 per cent, followed by ICICI Bank, HUL, HDFC Bank, M&M, Ultra Cement, IndusInd Bank and Tech Mahindra.
Benchmark indices Sensex and Nifty managed to end in positive territory after fighting bouts of volatility on Thursday as investors followed risk-off mode in global markets. After a volatile trade, the 30-share Sensex ended 54.81 points or 0.09 per cent higher at 58,305.07 -- its all-time closing high. The NSE Nifty rose 15.75 points or 0.09 per cent to settle at 17,369.25. On the Sensex chart, Bharti Airtel was the top gainer, followed by Nestle India, Tata Steel, Bajaj Finserv, HCL Tech and ITC. On the other hand, Titan, UltraTech Cement, Bajaj Auto, HDFC Bank and Axis Bank were among the laggards. Of the Sensex constituents, 18 shares logged gains and 12 suffered losses. During the holiday-truncated week, the Sensex rose 175.12 points or 0.30 per cent, while the Nifty advanced 45.65 points or 0.26 per cent. Sectorally, telecom, power, utilities, capital goods and metal indices rose up to 2.40 per cent. On the other hand, realty, consumer durables, bankex and finance ended in
As the industry continues to remain under unsustainable financial duress, the company is hopeful that the government will provide the necessary support to address all structural issues
The Sensex advanced 166.96 points or 0.29 per cent to its new closing record of 58,296.91. It touched an all-time high of 58,515.85 during the session
The substantial growth in the Indian conglomerates' wealth comes at a time when the Indian stock markets are witnessing an unprecedented boom.