Tue, Nov 19, 2024 5:54 PM
FIIs increase stock future longs to 60%; Nifty eyes turnaround above 23,500
A Flip by Avya Verma
On November 19, domestic institutional investors (DIIs) net bought shares worth Rs 2,784 crore. On the other hand, foreign institutional investors (FIIs) net sold shares worth Rs 3,412 crore, provisional data from NSE showed. DIIs bought Rs 13,658 crore and sold shares worth Rs 10,874 crore. Meanwhile, FIIs purchased Rs 15,255 crore in shares and offloaded equities worth Rs 18,667 crore.
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Sebi proposes changes to SME listing framework, including increasing minimum application size to Rs 2 lakh, changing allocation methodology for non-institutional investors, limiting 'Offer For Sale' portion to 20% of issue size, and raising minimum allottees requirement to 200, to address concerns over high subscription levels and listing gains.
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California-based digital transformation solutions company UST has come on board as an investor to back Mumbai-based Uniqus Consultech, a tech-enabled platform that is backed by Nexus Venture Partners and Sorin Investments. This investment is part of a $10 million series B funding round that Uniqus had announced in April this year.
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