Avoid Nifty Metals and Realty amid market volatility: Jai Bala
But I think that until that point you want to retain your patience. But from this point onwards sectorally you might want to know which sector you want to avoid. From that point, I would say definitely Nifty Realty is an avoid.
New thematic schemes keep net equity fund inflows firm in August
The buy-to-sell ratio of equity funds in India hit an 18-month high of 2.1 in August, driven by new fund offers from sector funds. Sector/thematic NFOs reported significant net inflows, contributing to a total equity fund inflow of ₹1,15,960 crore. Sector funds now hold the highest assets under management among all equity fund categories.
D-Street sees new highs as Beijing homes in on mortgage rate cut
India’s key stock indices surged nearly 2% to all-time highs on Thursday, driven by China’s decision to cut interest rates on mortgages. The Sensex briefly crossed 83,000, led by gains in Bharti Airtel, NTPC, Mahindra & Mahindra and JSW Steel. The NSE Nifty also saw significant gains, closing at a record high.