About four dozen companies, including Indian Oil, Grasim, Tata Consumer, South Indian Bank, UPL, among others, have either declared or are contemplating rights issues to mobilise funds amounting to more than ₹50,000 crore.
Mutual funds bought Rs 45,400 crore worth of stocks in July, with State Bank of India emerging as the top pick at Rs 10,200 crore.
Prime Minister Narendra Modi’s Independence Day GST reform announcement is seen as a game-changer, with brokerages projecting a Rs 2.4 lakh crore demand boost and
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