stocks

NSE Nifty was down by 0.1 per cent or 22.25 points to 22,479, while the BSE Sensex was at 73,878 down by 0.17 per cent or 128.98 points.

Amid election outcome jitters, Foreign Portfolio Investors (FPIs) have turned even more aggressive in selling Indian equities with net outflows touching ₹28,242 crore this month as of May 17. FPIs had net sold equities worth ₹8,671 crore in April.

Stock markets are expected open on a flat to positive note Thursday despite positive global cues. Gift Nifty at 22,395 signals a flat opening, as Nifty May futures closed at 22,393 on Wednesday. For the fifth time in the history of NSE, Nifty on Wednesday closed dead flat at 22,302.50 (Zero point change).

Client Associates, a wealth management firm and the country’s largest multi-office service provider, has forayed into asset management with the first close of its maiden fund —Client Associates Alternate Fund (CAAF), mopping up as much as ₹300 crore.

Stock markets rebounded on Thursday with benchmark Sensex closing higher by 128 points as record GST collections in April, positive manufacturing data and foreign fund inflows boosted investor sentiment.

Dexif, a fintech startup has raised $4 million in a seed funding led by RTP Global. The funds will be utilised to expand the business operations, scale technology and increase recruitment.

Fresh From Farm, a B2B2C platform for consolidating fresh fruit demand, has raised $2 million in a pre-series A round, with participation from Inflection Point Ventures. Spearheading this investment, is Ashish Kacholia, an investor in the public markets.

Shares of India's Apollo Hospitals Enterprise fell as much as 8.4 per cent on Monday, after the hospital chain sold a stake in its digital unit in a deal that brokerages said undervalued the subsidiary.

MarketsMojo, a stocks research and analysis firm, is planning to raise $20-50 million in Series A funding, with 10-15 per cent equity dilution as it ramps up its business, in the 21 countries where it provides its services, in the next 1-2 years.

Thanks to uninterrupted bull run and renewed interest in equity investment, the quantum of assets under management of the mutual fund industry accounts for 26 per cent of the bank deposit as of March-end against 21 per cent logged in FY23.