Stock Market Today Live Updates: Sensex and Nifty open with minor cut on Thursday. Nifty Media slipped in red a day after Reliance, Viacom 18 and Walt Disney announced a binding agreement to create to merge their business.
BSE Midcap and Smallcap indices fell over 1.5 percent amid reports that SEBI has urged asset managers to provide investors with more information on the risks associated with their small and mid-cap funds.
Previously, there were concerns regarding government intervention, capital allocation, and agility within PSU firms. However, these perceptions seem to be getting cleared, paving the way for increased valuations and multiples.