Sun, Oct 22, 2023 10:48 AM
IPO Week Ahead: Blue Jet Healthcare, IRM Energy in spotlight
A Flip by Shubhangi Gupta
Mutual fund houses launched 10-12 equity new fund offers (NFOs) every month in the last three years. That the flood shows no signs of subsiding is evident from the number in 2024. Already, 67 new schemes have been launched so far this year, indicating an increase in momentum. Almost half of these schemes are actively managed.
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Domestic indices staged a dramatic rebound on Monday to settle higher, helped by buying at the fag-end. The 30-share BSE Sensex rose 111 points at 72,776 and the Nifty rose 48 points to 22,104.05.Stocks that were in focus include names like 📌Varun Beverages, which rose 0.73%, 📌BEML, which increased 14.5%, and 📌Piramal Pharma, whose shares jumped 2.7% on Monday.
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The S&P 500 closed very slightly lower on Monday as investors took a breather after three weekly gains while they awaited key inflation readings and earnings reports due this week while a survey showed consumers concerned about inflation. A Federal Reserve Bank of New York survey, released on Monday, found that Americans see inflation at 3.3% a year from now from March's 3%.
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