An equal-weight Nifty index has outperformed the broader Nifty over the past year, returning 15.14% compared to the Nifty’s 11.63%. This strategy benefited as underperforming blue-chip stocks, like TCS, Infosys, and RIL, had less influence. Fund houses have responded by launching several equal-weight index-based schemes.
SK Hynix makes US debut with $29-billion listing
South Korean chipmaker SK Hynix is making a massive $29 billion US stock market debut, aiming to boost its valuation and compete with rivals like