DSIJ Mindshare

The two funds are SEBI-registered Category II Alternate Investment Funds and hold a combined AUM of more than Rs. 150 crores. The company is also hiring the fund's investment team as part of the transaction.

Overall volumes in futures & options currently stand at 57.69 lakh contracts with a turnover of Rs.  5,53,971.86 crore.

Nifty opened on a positive note, but went into correction mode due to profit-booking and closed marginally lower at 11430, shedding 41 points. Out of exhaustion, Nifty may continue to consolidate at higher levels for the time being.

Taking weak cues from across the globe, we expect Indian stock markets to open on a subdued note and continue with consolidation to correction due to profit-booking before resuming its bounce towards the record levels.

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