Quotes with Resistance & Support
Market Information

Trump fire singes mutual funds, IT holdings lose Rs 1,000 crore in a day

This article was posted on Feb 1, 2017 and is filed under Market News

MUMBAI: The sharp sell-off in technology shares on Tuesday eroded a little over Rs 1,000 crore of mutual fund holdings in these companies. The Nifty infor mation technology (IT) index, which comprises top-10 stocks in the sector, declined 3.2% on Tuesday after the US moved to tighten work-visa rules in the country.

Mutual funds’ portfolio value in top-five technology companies is Rs 36,000 crore. TCS fell 4.3%, HCL TechnologiesBSE -3.67 % dropped 4.2%, Tech MahindraBSE -4.23 % declined 3.7%, Infoys fell 2.1% and WiproBSE -1.62 % weakened 1.1%.

For more visit: Economic times

Similar Posts:

Breakouts

+ve 30 DMA    50 DMA    150 DMA    200 DMA
-ve 30 DMA    50 DMA    150 DMA    200 DMA

Latest Query

Hi CB, Should I enter indusind bank @ current level, and also lete know the short term target...view more »
- by Rajesh
Status: Awaiting reply

Market Stats

  • Nasdaq
    6210.19
    +4.94
    [+0.08%]
  • Nikkei 225
    19686.84
    -126.29
    [-0.64%]
  • Hang Seng
    25639.27
    +8.49
    [+0.03%]
  • Straits Times
    3219.42
    -14.95
    [-0.46%]
  • FTSE 100
    7547.63
    +29.92
    [+0.40%]
  • CAC 40
    5336.64
    -0.52
    [-0.01%]

Search Our Archives

Latest Investment Idea

Recent Comments