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Among those whose firms didn’t make the cut: Elon Musk and Mark Zuckerberg. The first data show neither Tesla Inc. nor Meta Platforms Inc. are included in the portfolio, while rival megacap stocks like Apple Inc. and Amazon.com Inc -- helmed by Tim Cook and Andy Jassy, respectively -- are among top holdings.

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The three major indexes have rallied in six of the last eight sessions, with all three having rebounded after the S&P 500 and the Dow confirmed they are in correction and the Nasdaq established it is in a bear market.

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The activist money manager with assets worth $1.3 trillion across the global markets owned a 2.8% stake in UPL as of December 31, 2021, and is the largest foreign institutional investor in the company. It is also the second-largest institutional shareholder in the firm after Life Insurance Corporation (LIC) which owns 10.5% in the company, BSE data showed.

CPPIB sells 2.02% stake in Kotak Bank

Updated at : 2022-03-25 07:20:03

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The base deal was for 28 million shares, representing 1.41% of total outstanding equity with a greenshoe option of 12 million equity shares, constituting 0.60% of the total equity base in the event of oversubscription.

Sebi imposes Rs 5 lakh fine on Axis Bank

Updated at : 2022-03-25 07:20:03

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The regulator had conducted an examination of the debt capital market operations of Axis Bank during the August 2016 to August 2019 period.

Share of stocks in total savings at record high

Updated at : 2022-03-25 07:20:03

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“Our proprietary analysis of Indian household asset holdings (since fiscal 2006) suggests that equities as a percentage of households’ net worth has risen to an all-time-high, though it is still below 5%,” analysts at Jefferies noted. Financial savings are about 36% of about $11 trillion balance sheet.

Cement prices rise just as demand grows

Updated at : 2022-03-25 07:20:03

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According to various brokerage reports, based on dealer interactions, the pan India average cement price rose by over 10% to Rs 395 per 50 kg bag as of March 22, 2022, on a month-on-month basis. It grew by 11% based on the year-on-year comparison.

IIFCL to more than double bond purchases in FY23

Updated at : 2022-03-24 23:25:03

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The state-backed infrastructure financing company invested about Rs 1,000 crore in bonds and Rs 325 crore in infrastructure investment trusts (InvITs) so far this year for the first time.

Canada Pension Plan Investment Board was the seller that dumped 4 crore shares (worth approx Rs 6,800 crore) at an average price of Rs 1700.10. Though, it was not clear who bought the rest of the shares that it sold.

Friday can see the levels of 17,300 and 17,360 acting as potential resistance points. The supports come in at 17,150 and 17,035 levels.

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