Share Market News Today | Sensex, Nifty, Share Prices LIVE: Sensex and Nifty started Monday’s trading session with gains following positive global cues. S&P BSE Sensex was trading 352 points or 0.91% higher while the Nifty 50 was just below the 11,550 mark. HCL Technologies, HDFC Bank, HDFC, and Tata Steel were the top Sensex gainers. Hindustan Unilever, Asian Paints, Maruti India, and Nestle India were the top drags. S&P BSE Smallcap index was seen gaining over 2% while the Midcap index was up over 1.3%, both outperforming the benchmark indices. All Nifty sectoral indices were trading with gains. Nifty Media was up 2%.
Markets will also be closely watching the developments surrounding SEBI’s circular, that asks Multi-cap funds to stay true to the label and invest 25% each in Smallcap, Midcap, and Large Cap stocks. This order by SEBI has invited mixed emotions with some claiming it to be a good move to boost the midcap and smallcap stocks while others claiming that it would hurt the multi-cap mutual funds. SEBI, on Sunday evening, issued another circular that said that fund houses have to follow the new circular by January 2021, or otherwise merge their multi-cap schemes with other schemes offered by them.
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