Multi-cap investors heaved a sigh of relief after SEBI introduced the Flexi-cap category in mutual funds. Read on to find out more.

On Friday, PNC Infratech Limited announced that its joint venture with SPML Infra Limited has been declared as the L1 (lowest) bidder for rural water supply projects in 979 villages in the Devipatan division of Uttar Pradesh.

SEBI has raised the overseas investment limit per fund house. Read on to find out more.

On Friday, Sensex jumped by 552.90 points or 1.34 per cent to settle at 41,893.06 levels while Nifty gained by 143.25 points or 1.18 per cent to close at 12,263.55 levels.

Interestingly, the daily RSI has given a breakout of the downward sloping trendline and it is in a rising trajectory, which is a bullish sign. The daily and the weekly stochastic oscillator is suggesting some bullish strength as well since per cent K is above the per cent D.

Considering the daily timeframe, the stock of Marico Limited has given a downward sloping trendline breakout, formed by connecting swing highs since September 2020. This breakout is confirmed by the above 50-day average volume.

The MoU would help to create a market for pre-engineered steel buildings made from structural steel tubes, which is consistent with APL’s strategy to create new markets for structural steel tubes in India.  

Firstsource Solutions Limited today announced that it has partnered with Uniphore, the global leader in conversational service automation to utilise its platform as an important component to Firstsource’s Digitally Empowered Contact Center (DECC).

During Tuesday’s trading session, the stock of SRF Limited jumped more than 4 per cent and made a new 52-week high of Rs 5,074.85. The shares of SRF have gained 14.3 per cent in the last three trading days.

In the domestic stock markets, Sensex has witnessed a strong rally, gaining by more than 1,500 points in the last week. The index is up by around 4.36 per cent or 1,726 points since the beginning of November 2020.