Headline index Nifty is up by 30 points and currently trading at 17,350 levels.

These funds invest the investors’ monies in one sector i.e., the technology sector. These funds are equity-oriented mutual funds that offer higher returns accompanied by higher risk.

VA TECH WABAG (‘WABAG’), a leading pure-play water technology Indian Multinational Group, secured an order worth 11.45 Million USD from Dialog E&C Sdn. Bhd., Malaysia towards establishing a new Effluent Treatment Plant (‘ETP’) for Pengerang Integrated Complex in Johor, Malaysia. It will be constructed for PRPC Utilities and Facilities Sdn Bhd (‘PRPC UF’), a subsidiary of PETRONAS Refinery & Petrochemical Corporation (PRPC).

Only one point that is concerning for the market is that despite the market trading at fresh lifetime highs, India VIX has shot up over 3 per cent and is trading above the 15 mark. 

This would be a three-fold jump in exports if India were to achieve the exports target.  The GOI is also believed to be in talks with state governments to help businesses get land, power and other utilities at attractive rates to set up mega textile parks.

Ujjivan Small Finance Bank is down by more than 44 per cent while Yes Bank and RBL Bank slipped over 24 per cent & 10 per cent, respectively. 

The NIFTY FMCG index is at all-time highs with several FMCG stocks trading at fresh 52-week highs.

Exide Industries, a top midcap buzzer of the past one week gained by more than 20 per cent in the past one week as the company announced it will divest its stakes in its subsidiary Exide Life to HDFC Life. Several midcap stocks were seen making fresh 52 week high in the passing week.