Domestic insurers, led by Life Insurance Corporation of India (LIC), stepped up equity purchases last year amid relentless selling by foreign portfolio investors (FPIs), especially in the first half. Domestic institutional investors (DIIs) shopped for equities worth Rs 2.75 trillion last year, a historical high. Of this, close to Rs 90,000 crore of net buying, […]
Banking stocks were among the worst hit on Friday as Sensex and Nifty tumbled 2% each. The Bank Nifty, PSU Bank and Private Bank indices were the top losing sectoral indices on the NSE. The 30-share BSE Sensex tanked over 1200 points, falling below 59,000 points, and NSE Nifty 50 fell 400 points to below […]