Benchmark Indian equity indices ended with strong gains on Tuesday, recovering from Monday's steep selloff led by broad-based buying in late trade
Allocation to healthcare services, IT, cement, chemicals and media & entertainment sectors saw an increase in March
Nifty Auto index leads the sectoral indices with gains of 4.28%, followed by Nifty Metal & Nifty Bank rallying over 3%.
ONGC, M&M, PowerGrid, Bajaj Finance and L&T were the top gainers on the Sensex.
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Consolidated revenue from operations growth came in at 9.4%1 to Rs 43,705 crore as against Rs 39,946 crore a year ago
Sensex was nosedived 1,707 points or 3.44% at 47,883, and the Nifty tanked 524 points or 3.53% at 14,310.
Adani group’s market capitalization tanked by Rs 94,000 crore taking it out of market cap $100 billion market-cap club. Group's market cap added up to Rs 6.90 lakh compared Rs 7.84 lakh crore on April 6.
Bloodbath in the broader market was even worse as BSE MidCap and BSE SmallCap indices tumbling 4.79% and 4.17%, respectively.
This metaphoric rise comes on the back of inorganic growth through acquisitions along with several other JVs