Indian market rallied last week to touch record highs, rally was mainly helped by RIL, HDFC twins, Kotak Bank & TCS.
BSE Sensex soared over 400 points to hit its record high after Reliance Industries (RIL) reclaimed USD 100 billion (approx Rs 6,86,604 crore) market capitalisation as its shares a hit 52-week high today.
Indian markets expected to open higher due to strong Asia cues. Dow Futures are trading with 50-100 points gains.
Shares of Yes Bank rose by 4 percent after the company received approval from capital markets regulator Sebi to start mutual fund business.
Shares of Yes Bank today rose by 4 per cent after the company received approval from capital markets regulator Sebi to start mutual fund business.
At 12.37 pm, the broader Nifty50 of NSE traded at 10,762.00 points -- lower by 7.90 points or 0.07 per cent -- from its previous close of 10,769.90 points.
Bullish positions seen in Maruti, RIL, IPCA Labs, Kotak Bank, HDFC Bank, Bajaj Auto.
Yes Bank said it received final Sebi regulatory approval to begin MF business. The bank had already received the approval for the same from RBI earlier.
Yes Bank and Goldman Sachs today settled a Sebi probe into alleged violation of listing and disclosure norms as well as merchant banker regulations, respectively.
In a major fillip to the startup ecosystem in the state, KSUM and YES Bank will join hands to provide a host of startup-focused corporate and commercial banking services.