On Wednesday, 1162 stocks advanced, 841 declined and 1935 remained unchanged, with an advance decline ratio of 1.38 on the Bombay Stock Exchange (BSE), indicating positive closing of stocks in broader markets.
On Tuesday, 1716 stocks advanced, 2136 declined and 92 remained unchanged, on the Bombay Stock Exchange (BSE) with an advance decline ratio of 0.80, indicating negative closing of stocks in broader markets.
The new fund offer is currently open and closes on February 20. The fund will be benchmarked to the Nifty Energy TR Index and managed by Raj Gandhi and Pradeep Kesavan. The minimum investment in the fund is ₹5,000. The fund will have an exit load of 1% if units are redeemed a year before allotment.
Bargain-hunting and value-buying is likely as investors will be selective after the record rally in recent months, Prashanth Tapse of Mehta Equities Ltd has said
Investors may choose a wait-and-watch strategy. Banking, finance and consumer durables are likely to profit from stable interest rates, while technology, healthcare, and utilities will be less affected, analysts said