Rohit Singre, Senior Technical Analyst at LKP Securities said, "Nifty has formed immediate support near 14,640-14,580 zone and good resistance is coming near 14,810 zone. Any break above said levels can push index towards 15,000-mark again."
Read more about Benchmarks trade with small gains; oil & gas shares advance on Business Standard. Key equity indices traded with small gains in mid-afternoon trade amid significant volatility. The Nifty was trading below the 14,750 mark. Oil & gas stocks edged higher.
Read more about Oil and Gas stocks jump on Business Standard. Oil and Gas stocks were trading with gains, with the S&P BSE Oil&Gas index increasing 392.8 points or 2.62% at 15369.87 at 09:48 IST.
Bandhan Bank, Godrej Consumer among top large cap stocks sold by MFs in Jan
By IANS |
Published on
Wed, Feb 17 2021 20:48 IST |
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Bandhan Bank.. Image Source: IANS News
New Delhi, Feb 17 : As equity and equity-linked mutual fund schemes continue to witness outflow of funds, Bandhan Bank, Godrej Consumer and Abbott India Ltd were among the top stocks to be sold by mutual funds in the month of January.
As per the data from the Association of Mutual Funds in India (AMFI), equity-linked mutual fund schemes saw a net outflow of Rs 9,253.22 crore last month.
The net outflow stood at Rs 10,147.12 crore in December, Rs 12,917.36 crore in November, Rs 2,724.95 crore in October, and Rs 734.40 crore in September.
US market closed for President s Day
Global shares rose for the 11th day in a row to reach a fresh peak on optimism about the rollout of COVID-19 vaccines and new fiscal aid from Washington. However, the US stock markets were closed on Monday for the Presidents Day holiday. E-mini futures for the S&P 500 were trading higher, up 0.4%
European shares rally as mining stocks gain
European shares scaled one-year highs on Monday and mining stocks tracked a jump in copper prices as bets of more US stimulus fuelled optimism around a faster global economic recovery this year. The pan-European STOXX 600 rose 1.30 per cent, with Rio Tinto, BHP Group and Anglo American bolstering the index. Banks and energy stocks were also among the biggest gainers.