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The ETF, which requires regulatory approval, will seek to track the performance, before fees and expenses, of the Solactive Roundhill Meme Stock Index, which in turn seeks to track the performance of "meme stocks," according to a filing on Thursday with the U.S. Securities and Exchange Commission.

Tata Consumer Products Ltd., incorporated in the year 1962, is a Large Cap company (having a market cap of Rs 78636.01 Crore) operating in FMCG sector.

“We will see stock or sector rotations taking place. For the next three to four months, IT will definitely play well along with FMCG and banks.”

“Bharti Airtel could remain somewhat weak in the near term till the fund raising gets through but longer term it should do well.”

Data showed smallcap valuations are stretched to such a level vis-a-vis Nifty50 that chances of the former underperforming key benchmark indices are quite high in the next 12-24 months.

Telecom market leader Jio reported 242 bps gains on-quarter, taking its RMS in the fiscal first quarter to 39.5%. No 2 telco, Bharti Airtel’s RMS fell 82 bps sequentially to 34.9% while loss-making Vi lost further ground on this score, its revenue share plunging 119 bps on-quarter to a modest 18.6% in the April-June period, sector experts said.

India’s second coronavirus wave is increasing asset risks for banks, but the country’s economic recovery, a tightening of loan underwriting criteria and continued government support will prevent a sharp spike in problem loans, it observed.

E-pharmacy platform eyes new cash at $5.6 billion valuation; talks with SoftBank fall through

Three entities, including those led by Adani group and L&T, are in the race for a PSLV contract to build five launch vehicles.

The state owned metal producer SAIL is aiming at reducing its net debt to a range of Rs 15,000-20,000 crore in the current fiscal