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Everyone selling IT stocks after record crash, but this Rs 1.3 lakh crore mutual fund doing the exact opposite
While foreign investors fled India's IT sector, dumping Rs 17,000 crore in February, the PPFAS Flexicap Fund made a bold contrarian move. The fund aggressively bought shares in HCL Technologies, Infosys, and TCS, despite AI fears causing the Nifty IT index to plunge. This strategic accumulation contrasts sharply with analyst downgrades and widespread sector pessimism.
Sensex gains 578 pts; consumer durables shares advance
At 11:30 IST, the barometer index, the S&P BSE Sensex, advanced 578.21 points or 0.75% to 78,144.37. The Nifty 50 index gained 204.80 points or 0.83% to 24,232.85.
Hero MotoCorp Ltd Spurts 3.22%, BSE Auto index Rises 2.12%
Hero MotoCorp Ltd has lost 1.69% over last one month compared to 4.02% fall in BSE Auto index and 6.48% drop in the SENSEX
Gold, silver ETFs gain up to 4% as precious metals rise amid weak dollar
At 10:48 AM, among others, DSP Silver ETF and Axis Silver ETF up 4 per cent each
Nifty trades above 24,150 mark; metal shares rally
At 10:30 IST, the barometer index, the S&P BSE Sensex, advanced 482.29 points or 0.55% to 77,994.45. The Nifty 50 index gained 133.40 points or 0.56% to 24,163.65.
Dixon Technologies (India) Ltd Surges 4.13%, BSE Consumer Durables index Gains 1.18%
Dixon Technologies (India) Ltd has lost 11.24% over last one month compared to 2.11% fall in BSE Consumer Durables index and 6.91% drop in the SENSEX
Stock market today: Nifty50 opens above 24,150; BSE Sensex up over 580 points - The Times of India
Stock market today: Nifty50 opens above 24,150; BSE Sensex up over 580 pointsThe Times of India

Market correction: Flexi-cap funds fall up to 23% in nearly 18 months; large caps decline over 12%
Indian equities downturn since September 2024 impacted mutual funds. Large-cap funds fell 6.98%, flexi-cap funds declined 8.67%. Motilal Oswal Large Cap Fund had the smallest decline at -1.16%. Samco Flexi Cap Fund dropped 23.38%.

DSP Mutual Fund flags global shifts, expensive midcaps, IT lag: How investors may position portfolios
DSP Mutual Fund advises caution and diversification amid market risks like rising oil prices and high US equity valuations. AI spending by tech giants drives global markets.

PE Firm True North Sells 3.6% Stake In Anthem Biosciences For Rs 1,261 Crore
HDFC Mutual Fund (MF) and SBI MF have collectively acquired 93,01,020 shares or 1.65% holding in Anthem Biosciences at an average price of Rs 621.10 apiece.
Market Trading Guide: Apollo Pipes among 3 stock recommendations for Tuesday
Sensex and Nifty plunged nearly 2% as rising crude oil prices, weak global cues and escalating West Asia tensions triggered heavy selling. Foreign fund outflows and a weaker rupee added pressure. Analysts recommend Apollo Pipes, Aurobindo Pharma and Tata Steel for potential short-term gains.
Investors' wealth erodes by over Rs 22 lakh cr since beginning of West Asia conflict
Equity investors became poorer by Rs 22.40 lakh crore since the beginning of the conflict involving the US, Israel and Iran, which has rattled stock markets, driving the BSE Sensex lower by 4.6 per cent.