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.
In the previous session, the BSE barometer ended 382.91 points, or 1.02 per cent, lower at 37,068.93, and the Nifty shed 97.80 points, or 0.89 per cent, to finish at 10,948.30.
Sensex closed 266.07 points higher at 38,823.11, while the Nifty advanced by 84 point to 11,582.90.
Rupee recovered and ended at 69.90 against the dollar, hours after it crossed the 70-per-dollar mark and touched a new all-time low of 70.08 per dollar
According to market observers, healthy buying in oil and gas, banking and metals stocks supported the indices' upward movement
Healthy buying activity was witnessed in IT, capital goods and healthcare stocks
