Foreign investors’ exposure to banking, financial services and insurance (BFSI) stocks reached a 26-month high of 34.2% in April, while local fund houses raised their exposure to non-banking financial companies (NBFCs) to a 38-month high of 8.3%.
Jan 20 Sebi has returned the draft IPO documents of Anand Rathi Group’s brokerage arm Anand Rathi Share and Stock Brokers, which proposed to raise
Om Mehra, SAMCO Securities, notes that Nifty’s daily chart shows a bullish hammer pattern, hinting at a trend reversal. After consolidating around 23,150–23,200, the index
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