Sensex and Nifty began the day with gains but soon moved lower to trade flat.
Share Market News Today | Sensex, Nifty, Share Prices LIVE: Sensex and Nifty were trading flat with a negative bias on Wednesday. S&P BSE Sensex was near 51,250 while Nifty 50 was sitting below 15,100 mark. Bajaj Finserv, Mahindra & Mahindra, and Bajaj Finance were the top gainers on BSE Sensex while Titan, L&T, and Axis Bank were some of the drags. Broader markets were outperforming benchmarks. India VIX was up 1%. Among sectoral indices, Nifty realty was up 1.63%.
For the seventh straight month, equity mutual funds have seen investors pull money away from them. Net outflows from open-ended equity schemes in January was to recorded at Rs 9,253 crore, according to the data sourced by Association of Mutual Funds in India (Amfi). Once again the asset under management (AUM) of the mutual fund industry rose on-mont basis, to hit an all-time high. AUM in January was at 31.84 lakh crore. Open-ended debt oriented schemes saw outflows worth Rs 33,408 crore.
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