Inflow in equity mutual funds dips 3.24% to Rs 24,269 crore in April: AMFI
Notably, this was the fourth consecutive month of decline in inflow in equity funds.
Notably, this was the fourth consecutive month of decline in inflow in equity funds.
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.
"Nifty opened gap up on Sept 23 following positive Asian cues and extended gains till noon," said Deepak Jasani, Head of Retail Research, HDFC Securities
According to Gaurav Garg, Head of Research, CapitalVia Global Research: "Investors have been pouring money into India's stock market, which could rise to more than $5 trillion and become the fifth largest in the world within years."
Union Environment minister Bhupendra Yadav said: "We are on track to achieve and even exceed our targets (Nationally Determined Contributions) under the Paris Agreement to combat climate change."
the BSE Sensex traded at 52,744.44 points, at 9.50 a.m., higher by 91.37 points or 0.17 per cent from its previous close
Tech Mahindra, HCL Technologies and Sun Pharmaceutical Industries were the top gainers on the Sensex
