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:
- Possibility of unlocking Future Growth: Investing in AI-Based Mutual Funds
- Foreign investors cut mid-cap holdings to five-year low, focus on benchmark stocks with easy exits
- LIC Mutual Fund: Equity schemes and index funds – Worst performers in their categories
- Positive momentum in mutual funds continues: CRISIL
- Investors lose Rs one trillion on budget day
Latest Query
Samrudhiglobal.com wishing you and your friends and family Advance xmas and Happy New year...view more »
- by Sam
- by Sam
Status: Awaiting reply
Market Stats
Search Our Archives
Research Desk
- Stocks Trading above their 50 day moving average - DMA In Stock Research
- Download free Ebooks based on Technical Analysis In Personal Training
- TOP 100 Stocks with the Highest P/E as on July 14th, 2013 In Stock Research
- TOP 100 Stocks with the Lowest P/E as on July 14th, 2013 In Stock Research
- Charting Pathsala - Your guide to Techincals In Technical Analysis
