BSE Smallcap index relatively underperformed broader markets to close at 26,694.78 with gains of 0.60 per cent.

Indices traded higher for most of the time while Nifty managed to close above 16,600. In the end,

Incorporated in 1984, Religare Enterprises Ltd is a diversified financial services company that provides loans to SMEs, affordable housing finance, health insurance, and retail broking. 

Greaves Cotton Ltd, an S&P BSE 500 company, announced this morning that it has secured funding for a total of USD 220 million from Abdul Latif Jameel for Greaves Electric Mobility (GEM), the electric mobility business of the company.  

We are also actively investing in our in-house technology along with upgrading our forums & formats to achieve better services, lower operating costs, and higher efficiency; expresses HP Singh, Chairman and Managing Director, Satin Creditcare Network Ltd. 

The markets depicted a substantial amount of volatility in a month which was full of surprises i.e. in May 2022. The major event in early May was the unscheduled MPC meet called by RBI amidst rising inflation. It ended up hiking repo rates by 40 bps and CRR by 50 bps. Both the benchmark indices i.e. Sensex and Nifty closed the month on a lower note. The broader markets also ended the month on a tepid note. On the sectoral front, the sectors which shone despite heavy selling were autos and FMCG whereas the one that faced a big pressure point was the metal sector. 

Welspun Enterprises, Mishtann Foods, and Knowledge Marine and Engineering Works are today’s mid-day movers. 

 At 11.30 am on Thursday, the headline equity indices, i.e. Sensex and Nifty 50 were trading flat amidst mixed global cues as the investor sentiment is down, owing to the weakening of the global economies.  

Markets are still a long way from regaining lost ground. However, there are equity mutual fund categories that beat the markets. Continue reading to learn more.

On Thursday, the scrip of R Systems International soared 3 per cent during the early market hours to record an intraday high of Rs 234.70 per share on BSE.