During the early hours of trading Tuesday morning, SGX Nifty was observed trading more than 100 points lower.
Stock Market News Today | Sensex, Nifty, stock prices LIVE: Sensex and Nifty rose to new highs Monday morning following the optimism of the vaccine. S&P BSE Sensex now stands at 48,176 while the NSE Nifty of 50 shares stood at 14,132. During the early hours of trading Tuesday morning, SGX Nifty was observed trading more than 100 points lower, hinting at the gap opening down for domestic stocks. Global markets were also in the red after Wall Street stock indices slumped following political tensions. Shanghai Composite, Hang Seng, Nikkei 225, TOPIX and KOSDAQ were all in the red.
The Mutual Fund Association of India (AMFI) released the ranking list of large-cap, mid-cap and small-cap stocks yesterday. AMFI has added Yes Bank, Adani Enterprises, PI Industries, Jubilant FoodWorks, Gland Pharma and HAL to the large cap category. AMFI has also downgraded NMDC, Bank of Baroda, MRF and United Breweries to mid-cap companies from the large cap category. Additionally, Dixon Technologies, Laurus Labs, Deepak Nitrite, and Indiamart Intermesh have been classified as mid-cap stocks. Mutual funds will now have to adjust their portfolios according to the latest ranking.
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