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.
Adani Group stocks slide up to 14% on US SEC heat
Adani Group stocks saw a sharp decline on Friday. This followed news that the US SEC is seeking court permission to email summons to founder