Motilal Oswal Wealth Management has shared a basket of 5 listed consumption names that it says are poised to benefit from the ongoing wedding season, and are expected to do well over medium-to-long term. Recommendations- 📌Titan, 📌Eicher Motors, 📌Vedant Fashion, 📌Safari, and 📌Lemon Tree Hotels - which are expected to benefit from the wedding season and see an upside of 10-15% over 3-6 months.
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FIIs recorded a net purchase of ₹1,157.70 crore in equities on Tuesday, November 26, following a massive ₹9,947.55-crore inflow the previous day, provisional data shows. This signals a continuation of FII buying momentum after ending a record 38-session selling streak. In contrast, DIIs net sold equities worth ₹1,910.86 crore today, following their ₹6,907.97 crore sell-off yesterday (November 25).
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To remove a regulatory arbitrage, the market regulator has said that valuation of all mutual-fund investments in repurchase (repo) transactions shall be done on a mark-to-market basis. Until now, these investments and bank deposits were valued at cost plus accrual basis, and only money market and debt securities of certain maturity were valued at mark-to-market basis.
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