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Chart readers said the index is currently placed at the hurdle of the previous significant opening downside gap of 10th March around 17,400 levels.

The Nifty Auto index closed 1.49 per cent up at 12425.85.

The stock quoted a 52-week high price of Rs 1571.0 and a 52-week low of Rs 983.7.

The top 10 buyers of gold between end-1999 and end-2021 represent 84% of all the gold bought by central banks during this period. ​

Mutual fund intermediaries, like mutual fund distributors or registered investment advisors, play a crucial role in guiding investors through the process of investing in mutual funds and their broader financial planning. They help match funds to individual asset allocation needs, work with investors on their goals, and assist with behavior management in volatile markets. Intermediaries have helped drive the deepening penetration of mutual funds in India. says Radhika Gupta.

Thematic funds have gained popularity in India, with asset management companies innovating in this space. Thematic funds look at different businesses interlinked through a central theme, while sector funds only focus on one specific industry. According to Mayukh Datta of Mirae Asset Investment Managers India, before considering thematic funds, investors should get their core portfolios correct and built on their mainstream investment objectives.

The rationale behind the split of equity shares is to enhance the liquidity of the company’s equity shares in the market and widen the shareholders base by making the equity shares more affordable to small investors.

Vedanta is one of the world’s leading natural resources conglomerates, with primary interests in aluminum, zinc-lead-silver, oil and gas, iron ore, steel, copper, power, nickel, ferroalloys, glass display, optical fiber, and semiconductors. The company has operations across India, South Africa, Liberia, and Namibia.

The index is expected to move towards a higher band of channel placed around 17,600, sustainability above which will accelerate Nifty towards 18,100 in the coming quarter, this report said. The brokerage sees an immediate hurdle around 17,600.

Since SVB’s collapse, banking stocks in India, particularly those of public sector banks, have come under significant pressure.