Financial services faces heavy FPI selloff
FPIs sold shares worth ₹27,140 crore across 14 sectors in April 16-30 period. Other than financials, information technology (IT), fast- moving consumer goods (FMCG) and oil & gas sectors were among the sectors that witnessed large outflows.
Infosys Jefferies’ only IT pick on growth visibility, valuations
Jefferies downgraded its ratings on LTI Mindtree and Coforge to underperform on the back of rising uncertainty in their growth and margin outlooks.
Take SIP route to invest in mid- & small-caps
The new ETF offering by Mirae is currently open and closes on May 17, while its Fund of Fund option will open from May 10 to 24. The Fund of Fund (FoF), which will invest in the ETF, is suitable for investors preferring systematic investment plans (SIPs).
S&P Dow Jones to sell stake in indices venture to BSE
BSE will buy the S&P unit’s 50% stake in the company. Though the size of the deal could not be ascertained, sources said the transaction is expected to be concluded in the first quarter of the current financial year.