The domestic markets snapped their five-day rally on Friday, with the Nifty declining 150.40 points to close at 22,419.95, and the Sensex falling by 609.28 points to end at 73,730.16.The domestic equity benchmarks halted their five-day winning .
Nifty Snaps Five-Day Rally Driven By Weak Global Cues menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
According to investment bankers, the momentum is visible with a host of companies preparing to enter the IPO space. A total of 56 companies have filed their documents with SEBI targeting to raise Rs 70,000 crore.
Saurabh Mukherjea-run Marcellus Investments “Consistent Compounders” is another largecap strategy that gave positive returns last month, but underperformed its benchmark. The strategy gave nearly 6% returns.