MARKET WRAP UP The Sensex and Nifty jumped over one per cent on Friday and were headed for their second session of gains, led by energy stocks, including Reliance Industries Ltd, as oil prices extended their rally. Domestic sentiment was also buoyed on continued buying by investors ahead of IIP and inflation data scheduled to be released later in the day. US stocks closed at record highs on Thursday as surging oil prices and strong earnings buoyed investor sentiment, giving a boost to Asian markets. Dealers said widening of positions by participants ahead of key economic data —— industrial production (IIP) for June and consumer price index (CPI) for July —— to be released after market closing today also added to the upbeat investor sentiment. At 3.05 pm, the Sensex was up 315.38 points or 1.13 per cent at 28,174.98 while the NSE Nifty was up 85.7 points or 1.00 per cent at 8,677.85. Sentiment also got a boost as foreign investors continued to buy Indian shares for a...
The Employees Provident Fund Organization (EPFO) is seeking a clear exit policy on its equity investments from the government before deploying any more money in the market. The EPFO started putting some of its Rs 1 lakh crore-plus of assets under management into equity markets starting August 2015. Since then, it invested Rs 10,500 crore into equities. In September, the government had directed the EPFO to increase its investments into equities to at least 10 percent of total deposits.
The Employees Provident Fund Organization (EPFO) is seeking a clear exit policy on its equity investments from the government before deploying any more money in the market. The EPFO started putting some of its Rs 1 lakh crore-plus of assets under management into equity markets starting August 2015. Since then, it invested Rs 10,500 crore into equities. In September, the government had directed the EPFO to increase its investments into equities to at least 10 percent of total deposits.
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