Eighty percent of active mutual fund AUM is in 178 stocks and about 60 percent in just 79 stocks, as per Accord FintechProblem of depth: Active mutual fund schemes outnumber the stocks they invest in
Eighty percent of active mutual fund AUM is in 178 stocks and about 60 percent in just 79 stocks, as per Accord Fintech
Biggest losers included Bajaj Finance, Bajaj Finserv, NTPC, HDFC Bank and Axis Bank, while gainers were Cipla, Dr Reddy#39;s Laboratories, Tata Motors, Sun Pharma and SBI Life Insurance
HDFC Bank, ICICI Bank, Bajaj Finance, Axis Bank and Kotak Bank were the key counters dragging the BSE Sensex.
Top gainers on the Nifty were BPCL, Power Grid Corporation, SBI Life Insurance, HDFC Life and Coal India, while losers included Tata Motors, LT, UPL, IndusInd Bank and TCS
Upbeat global cues along with broad-based gains across sectors pushed the market higher. More than two stocks gained for each stock that traded lower — about 2,102 shares gained, 1,004 fell and 135 were unchanged