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The Nifty Pharma index closed 2.23 per cent up at 12574.2.

Nuvama aims to triple both its client assets and client base by 2028. Over the last five years, the company has grown its client assets at a compounded annual growth rate of 27%.

The stock was trading 6.88% higher at Rs 839.40 on BSE. It hit a fresh 52-week high of Rs 867.55 today.Kacholia did not have any holding in Venus Pipes at the end of the December 2022 quarter according to the shareholding pattern available on exchanges. The March quarter shareholding data is yet to be published

Key additions to the portfolio included Gujarat Fluorochemicals, GAIL (India) and State Bank of India. Their major reductions were HDFCBank, Navin Fluoro International and Container Corporation.

Key additions by MFs in March were Infosys, Reliance Industries and HDFC.

Following the changes in debt fund regulations, direct bonds and credit alternatives will become popular with retail investors, along with credit alternative investment funds (AIFs) and absolute returns AIFs for wealthier individuals. Recent Budget changes mean that debt mutual funds have become taxable, so investors may turn to these alternative instruments. Commenting on RBI policy, the MD & CEO of Nuvama Group, expects flows into debt to increase slightly, with further rate hikes unlikely.

Meanwhile, Axis Securities sees auto OEMs revenue growing by 8% quarter-on-quarter led by double-digit growth in CV and PV segments. The strong show by CVs and PVs could be partially offset by lower growth in the two-wheeler segment and tractors.

Meanwhile, Axis Securities sees auto OEMs revenue growing by 8% quarter-on-quarter led by double-digit growth in CV and PV segments. The strong show by CVs and PVs could be partially offset by lower growth in the two-wheeler segment and tractors.

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