The indices have risen 8% each so far this month, helped by strong domestic macroeconomic data, a return of foreign inflows, and moderation in oil prices. The monthly gains are also the most this year and the highest since July 2022.
Foreign institutional investors (FIIs) turned net buyers for the first time in the last seven consecutive sessions, buying shares worth Rs 2,926.05 crore, while domestic institutional investors (DIIs) turned net sellers after six-day of consistent buying, offloading Rs 192.01 crore worth of stocks on December 27, provisional data from the NSE showed.
Canara Bank has given in-principle approval to initiate the process of listing its mutual fund subsidiary Canara Robeco AMC through an initial public offering of shares.