India’s mutual fund assets swell to record $702 billion on frenetic inflows
The driving force behind this remarkable growth has been the unrelenting inflows into equity mutual funds, which soared 83% month-on-month to 346.97 billion rupees in May.
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HDFC Bank drag pulls down markets, metal stocks join the tumble, uncertainties loom
Investor sentiment towards HDFC Bank, the country's largest private lender, turned cautious after its quarterly results announcement. While the bank reported a 33.5% jump in net profit, concerns about asset quality and future growth prospects sparked the sell-off.
Mixed cues paint uncertain picture for Indian stocks as New Year trading begins
Monday's trading session in India ended on a relatively subdued note, marking the first day of trading in the new year. While the benchmark Sensex and Nifty 50 indices eked out marginal gains, the broader midcap and smallcap segments witnessed a more robust upswing.