The Fund of Funds (FoF) scheme will predominantly invest in the units of ETFs/Index Funds of Nippon India Mutual Fund.

Snapping their gaining streak, the domestic benchmark indices ended Thursday’s trading session in negative territory. Sensex closed down by 143.62 points or by 0.31 per cent at 45,959.88 per cent while Nifty ended at 13,478.30 levels, down by 50.80 points or 0.38 per cent.

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The shares of Maruti Suzuki were trading up by almost 1 per cent as the markets were trading in the red on Thursday after the auto major decided to increase prices across its model range from January 2021.

The market opened in red on December 10, 2020, overall volumes in futures & options currently stand at 3,04,63,383 contracts with a turnover of Rs. 26,16,664.62 crore.

The market opened in red on December 10, 2020, overall volumes in futures & options currently stand at 3,04,63,383 contracts with a turnover of Rs. 26,16,664.62 crore.

The market opened in red on December 10, 2020.

Maruti Suzuki India: Over the past year, the cost of company's vehicles has been impacted adversely due to increase in various input costs. Hence, it has become imperative for the company to pass on some impact of the above additional cost to customers through a price increase in January 2021. Eveready Industries: The company has denied reports of Dabur promoters to buy a controlling stake in Eveready.

On Thursday, the bulls are likely to take a pause as the global cues are negative and SGX Nifty is indicating a fall of 58 points at the opening bell in Nifty. It would be interesting to see whether the market participants grab this initial dip as a buying opportunity like they have done in recent times and would the foreign portfolio investors also latch on to this opportunity and keep markets afloat or not. We do believe this dip will have takers as long as Nifty sustains above the 13,400 mark.

The gap-area of Wednesday (13,435-13,449) is likely to act as an important level for the index. On the upside, sustaining above Wednesday’s high of 13,550 could lead the index towards the level of 13,700, where the next resistance is likely to be seen.