After three consecutive sessions in the row, NIFTY finally opened with a positive bias and reached above the previous close of 10,593.15 and touched 10,615.80. However, the rise is of 0.03 percent. BPCL, Bajaj Finance, and India Bulls is among the top four gainers.
Bajaj Finance has raised its fixed deposit rates by 30 bps. And of Sun Pharma, India’s largest drugmaker implementing new strategies including with “building a pipeline of patent products for global markets”. RBI monetary policy ends today, that’s why the market is expected to to be highly volatile. Even the Indian market regulator SEBI to put the detailed framework for listed Infrastructure Investment Trusts (InvITs) to make a preferential issue of units to institutional investors.
- Amid Sell off by foreign investors have dumped a combined $12.3billion of bonds and stocks in May.
- Market Regulator of the financial market SEBI, has asked MFS to prominently disclose expenses charged to customers for all schemes under a separate head on their websites, on regular basis.