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I would actually point to five themes of which in the midcap, two of these themes actually lend to midcap as a segment quite well. Let us start with those two, I would say that indigenisation of defence is one theme that I have been positive on and have been sort of playing this theme through the Midcap Fund overall.

Stock market update: Nifty Pharma index falls 0.26%

Updated at : 2023-07-18 17:20:01

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The Nifty Pharma index closed 0.26 per cent down at 14017.15.

Rekha Rakesh Jhunjhunwala, a prominent Indian investor, has increased her stake in Titan Company by purchasing an additional 6,50,000 shares in the June quarter, thereby strengthening one of her oldest investments. Titan was among the top-performing stocks in the Nifty50 pack for the quarter, rising by more than 21%.

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​We have seen flows come in both domestically being very-very strong as well as from FIIs, FITD our flows have been almost $10-11 billion, clearly retracting what they had done last year.

The latest entrant in the space is JM Financial-owned fintech platform BlinkX. Led by IIT-IIM alumnus Gagan Singla, BlinkX is building four mobile applications offering a range of financial services, including digital broking, lending, wealth management, and investment advisory.

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RSI readings above 70 indicate overbought conditions, suggesting that the stock may be due for a correction. Conversely, readings below 30 indicate oversold conditions, indicating the stock may be undervalued and due for a potential rebound.

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A total of 68,829 shares changed hands on the counter till 01:17PM (IST).

Foreign institutional investors (FIIs) are increasing their stakes in Adani Enterprises, the flagship company of the Adani Group, for the second consecutive quarter. FIIs now hold a cumulative stake of 19.34% in the company, up from 17.75% in the previous quarter. The increase follows further investments made by GQG Partners in the last quarter

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Promoters held 23.76 per cent stake in the company as of 30-Jun-2023, while FII and DII ownership stood at 59.89 per cent and 11.32 per cent, respectively.

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Net premium income during the first quarter rose by ​a marginal 2% year-on-year (YoY) to Rs 7,020 crore. It was Rs 6,884 crore in the corresponding quarter of last year.

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