DSIJ Mindshare

The fastest growing Indian mutual fund industry offers various investment avenues to the investors. Multi-cap funds are one of them and stands as an unique offering. Multi-cap funds are diversified equity funds which invest across different market capitalization in varying proportion to meet the investment objectives.

Nifty Energy index which closed 1.6 per cent up contributed to the upsurge in the major indices. It formed an Inverse Head & Shoulders pattern and recently gave a bounce back after a pullback of 4 consecutive sessions up to the neckline level. We may see the index giving some more upside in the near term.

The PAT for the quarter jumped at Rs. 57.69 crore vs net profit of Rs. 0.34 crore in Q4FY17.

Metal index, which forms 4 per cent of the Nifty 50 index, surged as much as 1.6 per cent and pulled Nifty to trade in green with marginal gains. We hold 3,740 followed by 3,820 as the immediate resistances while 3,670 followed by 3,570 is expected to act as the supports if index retreats.

Suven Life Sciences Limited received Establishment Inspection Report (EIR) from the US drug regulator for its Pashamylaram, Medak facility.