Sensex Today | Nifty 50 | Stock Market Live Updates: The Indian stock market remained in the red on Friday, with the BSE Sensex and NSE Nifty50 continuing to trade in a narrow range despite oil prices stabilising at around $87 per barrel.
JioBlackRock Mutual Fund has filed a draft with Sebi for a Balanced Advantage Fund investing dynamically in equity and debt. The scheme will allocate 65-90% to equities and 10-35% to debt. It will offer regular and direct plans, with a Rs 500 minimum investment, and use BlackRock’s Aladdin technology for portfolio construction. Read more
- Anand James, Chief Market Strategist, Geojit Investments
Mutual fund managers reshuffled their blue-chip portfolios in July, increasing exposure to select IT, auto and pharma stocks while adding financial services plays, including NBFCs and private lenders.
Asian stocks rose as signs of easing US inflation and a decline in oil prices strengthened expectations that the Federal Reserve will keep interest rates unchanged next month.
